Short answer
A lot is the part of a strata scheme you own individually — usually your apartment, unit or townhouse, and sometimes a car space or storage cage. Everything outside your lot’s boundary is generally common property, shared with the other owners.
Where the boundary sits
Your lot is defined by the registered strata plan, which sets its exact boundaries — often the inside face of the walls, floor and ceiling of your unit. What’s inside is yours; the structure around it is usually common property. The plan is always the definitive answer.
Why the boundary matters
It decides who repairs and insures what. A problem inside your lot is generally yours; a problem in the structure or a shared service is usually the owners corporation’s (see who’s responsible for strata repairs). Your lot also carries a unit entitlement that sets your levy share and voting weight.
Where it fits in running the scheme
Every lot pays levies and gets a vote in proportion to its entitlement. A self-managed scheme has to get those per-lot figures right — a system such as Straita works each lot’s levy and voting share straight from the strata plan, so it’s accurate and consistent.
Primary sources
- Strata Schemes Management Act 2015 (NSW) — lots, boundaries, unit entitlement and owner responsibilities.
- NSW Government — Strata schemes (Fair Trading) — lots and common property.