What is Common Property?
Common property is whatever is stated on the plan of subdivision and may include gardens, passages, walls, stairwells, pathways, driveways, lifts, foyers and fences. The Owners Corporation is responsible for the common property - the Owners Corporations Act 2006 states that the Owners Corporation must, among other things, manage, administer, repair and maintain the common property.
The plan of subdivision shows the parcels of land that can be sold separately. These are called 'lots'. Lot owners are the members of the Owners Corporation for the subdivision. More than one Owners Corporation can be created in a subdivision of land or buildings, this often occurs to separate residential and commercial lot owners.