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Get Common Property Memorandum - Fairtrading Nsw Gov
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How to fill out the Common Property Memorandum - Fairtrading Nsw Gov online
Filling out the Common Property Memorandum is an essential task for owners corporations in New South Wales. This guide will provide user-friendly instructions on completing the memorandum efficiently and accurately online.
Follow the steps to successfully complete the Common Property Memorandum online.
- Click ‘Get Form’ button to obtain the form and open it in your preferred editor.
- Carefully read through the introductory information on the form. This section usually explains the purpose of the memorandum and the responsibilities of the owners corporation.
- Proceed to the first section labelled ‘Owners corporation responsibilities for maintenance, repair or replacement.’ This section contains specific items of common property that the owners corporation is responsible for. Review the items carefully.
- Continue to fill in the details of each item listed under balconies, ceilings, electrical systems, and other common property components. Be sure to provide any relevant details or notes as required.
- Transition to the next section regarding ‘Lot owner responsibilities for maintenance, repair or replacement.’ This section outlines the lot owner’s specific responsibilities. Complete the necessary fields.
- Double-check all the entered information to ensure accuracy and completeness. Correct any errors you find.
- Once satisfied, you can choose to save your changes, download the document, print it, or share it as needed.
Start filling out your Common Property Memorandum online now for an efficient management process.
Generally speaking, common property is any land or space that is not within a unit [s 5(6)]. Unless a particular strata plan indicates otherwise, the boundary of a unit is the internal surface of the walls, floors and ceilings [s 5(5)].
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