Strata titled holiday apartments on the east coast of Australia first came about well over a quarter of a century ago as a means of building holiday accommodation in large building complexes without the whole resort being owned by a single identity.
A ten-storey
building could then be built with each separate apartment sold off to the
public and one of the apartments to a resident manager who maintained the whole
resort. They kept the gardens maintained, cleaned the pool and generally looked
after the building. The other role they played was to rent out the apartments
of owners to vacationers as an onsite real estate agent.
All this looks
great and while the building is relatively new doesn't cause any great
problems. Once the apartments become aged and in need sprucing up a bit it is
up to each owner to then renovate their own apartment. Many owners don't
understand or simply refuse to update to a standard you would like to stay in
on holiday. Older buildings can then have a variety of standards of
accommodation and not all apartments look like the glossy brochures you see.
Apartment managers
actively encourage owners to update, as the quality of apartments on offer, if
left to decline will adversely affect their business.
It is important
that you either check with managers what your standard of accommodation will be
or you book through a company that will insist that their buildings are
maintained at certain standard to come under their banner.
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