Introduction of community titles and CPD reminder - Real estate industry bulletin issue 248
2 September 2021
Introduction of community titles and CPD reminder
In this bulletin:
- Introduction of community titles
- Reminder to complete your CPD requirements
Community titles: New strata options for Western Australia
As part of strata reforms in recent years, the Community Titles Act 2018 (WA) (CT Act) came into effect on 30 June 2021. To accommodate the new laws, existing real estate and tenancy laws have changed.
What is a community scheme?
The new laws introduce a community scheme as a new form of land tenure in Western Australia. A community scheme allows a parcel of freehold land to be subdivided in a way that creates several individual schemes. This differs to the usual strata laws which only allow for the creation of one scheme for each parcel of land.
Community schemes will offer:
- the ability to subdivide land and buildings in the one scheme;
- provide fairer and more flexible governance and common property management options; and
- the ability to share infrastructure between schemes.
What has changed for me?
The changes to the real estate, tenancy and settlement agents laws and regulations include the insertion of community title related terms, as well as references to the CT Act. The real estate regulations now include community titles management as a compulsory professional development subject.
The changes may also affect you in relation to the documentation that you may need to provide to a tenant or buyer. These documents include the updated Residential Tenancy Agreement (Form 1AA), Non-written Residential tenancy Agreement (Form 1AD), offer and acceptance contract for a community titled purchase or any community title scheme by-laws applicable to the property.
More information about community titles, including managing a scheme and buying or selling a lot, is available on the Landgate strata reform page.
If you have any queries about community titles, please contact the Landgate strata enquiry line on 9273 7047 or by emailing Landgate customer service.
We are nine months into what seems to be another hectic year. Don’t let your busy schedule side-track you from meeting your 2021 Compulsory Professional Development (CPD) requirements.
Reduce your potential for future stress and a potential fine by registering now with approved training providers to complete CPD activities to gain the three mandatory and seven elective points by 31 December 2021.
More information on your CPD obligations and the consequences of not meeting these obligations is available on our Compulsory Professional Development (CPD) – real estate page, by emailing our call centre or calling 1300 304 054.
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