What Is a Strata Development Contract

If the contract allows the development to be implemented in a development parcel located in whole or in part directly above or below a part of the land or a building or land that is not a development parcel, the promoter agrees with the other parties – The promoter agrees with the other parties to carry out repairs as soon as possible, damage to the common property or to a part of the building and its location, which is not subject to the working schedule and results from the performance of the contract, regardless of whether the contract takes into account or permits the damage. A stratum development contract is an information document that provides details of the future development of the strata scheme. The Strata Development Contact is created as in Approved Form 8 (PDF 258.6 KB) and must contain a conceptual plan. The parties, with the exception of the developer, jointly and severally agree with the developer that the developer is authorized to perform a strata development contract for a co-ownership scheme in accordance with the obligations set out or implied in the contract to the extent that it is incompatible with a stratum management statement for the scheme. See section 105(7) of the Condominium Schemes Development Act 2015. The strata development contract must contain a conceptual plan. The conceptual plan must separately illustrate the proposed sites and the type of buildings and works resulting from the implementation of the entire approved development and identify which development is justified, see Article 77 of the Condominium Plans Development Act 2015. The developer agrees with the other parties together and with each of them individually – The developer agrees with the other parties that the developer does not use any part of the package or any part of the package other than – The management sheets of the plan must include a statement as follows: The developer agrees with the owner company that the developer will bear the reasonable costs of the owner company–. . . .