Limited Common Property (LCP) usually includes patios, storage units, parking spots and/or balconies associated with a specific strata lot. If the strata plan does not show “LCP” on one of these areas then it is not limited common property but probably common property. LCP means the owner of the strata lot associated with the LCP has exclusive use of it.
HAVE A STRATA RELATED ISSUE? WE CAN HELP!
We advise both strata councils and owners on the numerous issues that arise in ‘community living’ situations like this. There are some issues that arise over and over between stratas and individual owners/tenants.
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