Why Strata Title Is Important For Property Owners?

What is strata title?

Strata title is one of the title structure of ownership and it basically gives you the privilege to control over a property or a piece of land as well as enable you to transfer the property to others. A simple example, you bought a pen and you get a receipt and it prove that you are the owner of that pen.

Its generally apply to high-rise buildings such as residents of flat, apartments, condominiums and commercial building jointly developed within a development that shares common facilities such as gated & guarded, security, car parks and facilities governed by a common contract of mutual agreement. Under the Strata Title Act 1985 developers are required to apply for the strata titles on behalf of the purchasers.

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