Strata title意思

"Strata title" is a type of property ownership that is common in countries like Australia, Canada, the United Kingdom, and the United States, particularly in urban areas where high-rise apartments or condominiums are prevalent. The term "strata" comes from the Latin word for "layer" or "stratum," reflecting the vertical division of a building into separate units.

Under a strata title system, a building is divided into units or apartments, and each unit is owned separately by the individual who purchased it. The owners of these units are collectively responsible for the maintenance and upkeep of common areas such as lobbies, hallways, elevators, gardens, and recreational facilities. This collective responsibility is managed through a body corporate or homeowners' association, which is responsible for making decisions about the common areas and enforcing rules to maintain the quality of life for all residents.

Each owner with a strata title has the right to sell, lease, or mortgage their individual unit, but they must abide by the rules set forth by the body corporate or homeowners' association. These rules can cover a wide range of issues, including noise levels, pets, renovations, and the use of common areas.

Strata title ownership can be contrasted with freehold ownership, where the owner has sole responsibility for the upkeep of their property, or leasehold ownership, where the owner has a lease on the property from the freeholder for a set period of time. With strata title, the owner has partial responsibility for the property, sharing it with the other owners of the building.