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STRATA TITLES ACT 1998 - SECT 10 Ownership of common property

STRATA TITLES ACT 1998 - SECT 10

Ownership of common property

(1)  The body corporate holds the common property in trust for the owners of the lots.
(2)  The owners of the lots are, in equity, tenants in common of the common property in shares proportionate to the unit entitlements of their respective lots.
(3)  An owner's interest in a lot is inseparable from the owner's interest in the common property so that –
(a) a dealing with the lot affects, without express mention, the interest in the common property; and
(b) an owner cannot separately deal with or dispose of the owner's interest in the common property.
(4)  The body corporate may deal with the common property on behalf of the owners of the lots as authorised under this Act.