Strata titled holiday apartments on the east coast of Australia first came about well over a quarter of a century ago as a means of building holiday accommodation in large building complexes without the whole resort being owned by a single identity.
A ten storey building could then be built with each seperate apartment sold off to the public and one of the apartments to a resident manager who maintained the whole resort. They kept the gardens maintained, cleaned the pool and generally looked after the building. The other role they played was to rent out the apartments of owners to vacationers as an onsite real estate agent.
All this looks great and while the building is relatively new doesn’t cause any great problems.Once the apartments become aged and in need sprucing up a bit it is up to each owner to then renovate there own apartment. Many owners don’t understand or simply refuse to update to a standard you would like to stay in on holiday. Older buildings can then have a variety of standards of accommodation and not all apartments look like the glossy brochures you see.
Apartment managers actively encourage owners to update, as the...
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