Property Management in Sydney: On Strata, Community and Other Schemes

The Group or Strata Scheme refers to the group ownership of a parcel of land or structure composed of individual lots or blocks of home units that share common areas. In many places, they are typically buildings subdivided for ownership. Lot owners in a strata scheme are responsible for maintaining all spaces within their lot area, but are not expected to handle the upkeep of common facilities. They are required, however, to pay regular levies to a property management in Sydney for what is called the “sinking fund”, for the care of the building and common facilities.
http://crownstrata.com.au/property-management-sydney-strata-community-schemes/