What does Strata Stuff Cost ?

Nothing in life is free …  and especially not Strata stuff.  So, what does Strata stuff actually cost in NSW ?

NSW strata laws dictate what strata schemes, the CTTT, the Office of Fair Trading and NSW Lands can charge for things related to strata schemes.

If you have a dispute  you’ll pay the Office of Fair Trading $70 to access their mediation service as a compulsory first step in that dispute and then $70 to the Consumer Trader and Tennacy Tribunal for each application you make (including for orders, interim orders, penalties and/or appeals).  Whilst you’re at it you pay $38 to the CTTT for each summons you want issued and $2 per page for copies of any file documents (with a minimum charge of $26). 

If you want to search titles at the NSW Department of Lands it will cost $13 each for over the counter service and $11 if you order on-line.  See here for online searches.  But if you want to register a by law it costs $95 and registering a property transfer costs $190.  Registering a strata plan costs at least $1,025 if there are only two lots or at least $1,230 if there are more lots.  And, registering a community plan will cost a minimum of $1,640.

Getting an information certificate from the strata scheme costs $90 and you can add another $45 if there is a connected storage or parking lot.

And finally, to inspect the strata scheme records will cost you $26 for 30 minutes and then $13 for every 30 minute block after that.

Which means you better get your money ready honey when you start doing Strata stuff.

You’ll find the sources for strata scheme, OFT and CTTT charges here and NSW Lands charges here. NSW Lands also publish a brochure.

Francesco …