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Originally Posted by sonick
Just seeing what pros/cons are about this type of property. Sounds pretty ideal if they take care of exterior repairs, lawn care, etc.
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It's very much like neighbourhoods with Homeowner Associations in the USA
The exterior/common grounds care is probably the biggest pro. You never have to worry about a homeowner neglecting their property and looking at an eyesore.
The biggest con is that exterior modifications to your property are more tightly restricted and the rules decided by a quasi-political group (the strata council). Want to build a shed? You might not be able to. Repaint your house a different colour? Nope. Etc...