Cancelling or ending a strata plan involves a specific legal process that must be carefully followed to ensure that the rights of all property owners are respected and that the dissolution is conducted properly. The first step is that all proprietors, or owners of the individual units within the strata, must come together and pass a unanimous resolution. This means that every single owner must agree to the decision to “destroy” or cancel the strata plan. This unanimous agreement is crucial because it reflects the collective will of all parties involved and ensures that no one is left out of the process.
Once the resolution is passed, the next step is for all proprietors to return their individual titles to the National Land Agency. This step is necessary because the titles represent the legal ownership of each unit within the strata. By returning them, owners formally give up their claims to their properties within the strata framework. Additionally, proprietors will need to pay any pr…
