Community Title
This is becoming quite a popular form of title and allows for a small community to be developed within a subdivision.
Within a community plan you can have mixed property uses. Some areas may be for houses and some may be for a block of units. You can have playgrounds, walking tracks, swimming pool, golf course and many other things that are community property and for the use of the owners within the plan, the mix is endless.
The upkeep of the community property is paid for in a similar fashion to a strata property. Quarterly levies are struck to which all owners must contribute.
Insurance will depend on whether you have purchased a house or a unit. If it is a house then the insurance is your own responsibility.
The owners within the plan will most likely appoint a managing agent to manage the plan and meetings will be held to discuss the business of the plan.
Some Community title plans are large subdivisions and some are small, the smaller ones may have nothing more than a community playground for children. Larger ones may have a golf course of which all owners are members of the golf club.
It is normal practice for there to be restrictions on what you can and can’t build in a community plan. These restrictions will concern such things as the minimum size of the house, the type of building materials and colour schemes, types of fences and driveways. These restrictions are put in place so that when buying into a plan you will know what standard of houses will be built in the plan and to maintain a certain standard of living.
