JV Partners · how it works
The Strata Joint Venture Framework
How developers and builders partner with strata owners to create rooftop homes — from the first search to the registered new lot.
Build first, transfer later
The airspace is not sold up front. The owners give you access to the roof under a deed. You design, fund, plan and build the new homes and carry out the agreed repairs to the building, for an agreed share of the sale proceeds. The new lot transfers only once it is built and registered.
Four stages, start to finish
- Stage 1Find and approach
Search assessed rooftops on the explorer or map. Bid on a live tender (on market) or ask a scout or agent to approach the owners for you (off market).
- Stage 2Owners prepare first
The strata committee works through its 12-step roadmap and obtains the town planning and structural engineering reports before tender, so you bid on real numbers.
- Stage 3Tender and agree terms
The owners pick their preferred partner on design, building repairs and the share of sales. The main terms are agreed before the lawyers draft the deed.
- Stage 4Deed, approvals, new lot
Both sides’ lawyers settle the deed and by-laws. You lodge the DA (planning consent only), obtain a construction certificate before works start, build, and the new lot exists once the strata plan is registered with NSW Land Registry Services.
The agreements behind it
One main deed carries the joint venture. Smaller deeds deal with the neighbours along the way.
Main agreement · Stage 4
Strata joint venture development deed
Between the owners corporation and you. It sets roof access, insurance, milestones, the scope of building repairs, how sale proceeds are shared and how disputes are resolved. It is prepared by both sides’ specialist strata lawyers, with owner approvals under the Strata Schemes Management Act 2015 (including section 108 and section 117 where they apply).
Supporting · Before the DA is exhibited
Neighbour No-Objection Agreement
Building rooftop homes? An affected neighbour agrees not to object to your development — in exchange for a one-off payment or monthly fee — recorded in a signed deed.
Draft this deed →Supporting · During construction
Commercial Airspace Lease
Rent out the unused air above your roof to a developer or neighbour for construction staging, hoarding or crane swing — a recurring monthly income.
Draft this deed →Supporting · Between neighbouring buildings
View Protection Covenant
A neighbour planning to build agrees a height cap on their land, in exchange for payment, so your light and views are protected for the term of the deed.
Draft this deed →