Running a self-managed scheme is a great way to save on management fees and stay directly involved in how your building is run. But with that independence comes responsibility especially when it comes to keeping proper records. 

Good record-keeping isn’t just a legal requirement under strata and community scheme laws in every Australian state and territory it’s also your best defence against disputes, confusion, and headaches down the track. 

Here’s a simple guide for small, self-managed schemes. 

Renting within a strata or community title property offers a unique living experience, especially in urban areas like Sydney. These properties, such as apartments, townhouses, and villas, involve shared ownership of common areas and are governed by specific laws and regulations. Understanding your rights and responsibilities as a tenant in these settings is crucial for harmonious living.