The scheme description is a document designed to give up-front notice to prospective owners of a Community Lot, Community Strata Lot and Development Lot as to the nature of the scheme and any binding provision or requirement to develop a lot.
A scheme description must:
The scheme description will also include details of any proposed staged developments to give owners an indication as to the final size of the scheme, time frames in which it will be completed and details of the nature and scope of a lot owners obligation to develop a lot in a particular manner.
A scheme description can also be amended. It must be supported by a unanimous resolution of the corporation and be accompanied by a copy of the scheme description as amended, endorsed with the consent of the relevant planning authority.
At Optima Conveyancing we specialise in the preparation of Scheme Descriptions and can advise if it is a necessary requirement for your development.