162 Power Street Hawthorn  Vic  3122

Occupancy guidelines

Each lot at 162 Power Street Hawthorn is party of an "Owners Corporation".

What is an Owners Corporation?

Whenever a plan of subdivision creates common property, an Owners Corporation is responsible for managing the common property. An owner of a lot that is part of an Owners Corporation automatically becomes a member of the Owners Corporation when the transfer of that lot to the purchaser has been registered with Land Victoria.

If a person buys into an Owners Corporation, he/she purchases not only the individual property, but also ownership of, and the right to use, the common property as set out in the plan of subdivision. This common property may include driveways, stairs, paths, passages, lifts, lobbies, common garden areas and other facilities set up for use by owners and Occupiers. To identify the boundary between the individual lot (for which the owner is solely responsible) and the common property (for which all members of the Owners Corporation are responsible), requires closel inspection of the plan of subdivision.

How are decisions made by an Owners Corporation?

Each owner is required to make financial contributions to the Owners Corporation, in particular for the repair, maintenance and management of the common property. Decisions as to the management of this common property will be the subject of collective decision making. Decisions as to these financial contributions, which may involve significant expenditure, will be decided by a vote.

Owners Corporation rules

The Owners Corporation rules may deal with matters such as car parking, noise, pets, the appearance or use of lots, behaviour of owners, Occupiers or guests and grievance procedures.

The Owners Corporation rules are linked to this website.  At the time of writing the 162 Power St Owners Corporation is subject to the "Model Rules" as defined through the Owners Corporation Act 2006, but, to ensure an enhanced life-style for all residents, these 'Occupancy Guidelines' are expected to be followed.

Lot entitlement and lot liability

The plan of subdivision show lot entitlement and lot liability. Lot liability represents the share of Owners Corporation expenses that each Lot Owner is required to pay.

Lot entitlement is an owner’s share of ownership of the common property, which determines voting rights. You should make sure that the allocation of lot liability and entitlement for the lot you are considering buying seems fair and reasonable.

Further information

If you are interested in finding out more about living in an Owners Corporation, you can contact Consumer Affairs Victoria. If you require further information about the particular Owners Corporation you are buying into you can inspect that Owners Corporation’s information register.

Management of an Owners Corporation

The 162 Power Street, Hawthorn Owners Corporation is self-managed by the Lot Owners, with a range of financial matters delegated to the Owners Corporation's accountants.