Strata Title is a form of ownership devised for multi-level apartment blocks, which have apartments at different levels or "strata". An apartment block (St George Wharf) beside the River Thames at Vauxhall Bridge, London, England An apartment building, block of flats or tenement is a multi-unit dwelling made up of several (generally four or more) apartments (US) or flats (UK). ...
Strata title was first introduced in New South Wales, Australia to better cope with apartment blocks. Previously, the only part satisfactory method of dividing ownership was company title, which suffered from a number of defects such as the difficulty of instituting mortgages. Motto: Orta Recens Quam Pura Nites (Newly Risen, How Brightly You Shine) Nickname: Premier State Other Australian states and territories Capital Sydney Government Governor Premier Const. ... An apartment (or flat) is a self-contained housing unit that occupies only part of a building. ...
See Condominium. This article refers to a form of housing. ...
Strata councils also set rules on such things as pets, etc. Generally speaking, developments aimed at seniors or over 45's will tend to be the most restrictive and can actually make your life a bit miserable with silly little rules.
Strata fees tend to be higher, since there are usually such things as common hallways and elevators to be maintained.
All purchased condominiums in Vancouver are StrataTitle, which means that if one unit starts to leak, the costs are split among all unit owners in that building.
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