Strata title

From Wikipedia, the free encyclopedia

Jump to: navigation, search
Scales of justice
Property law
Part of the common law series
Acquisition
Gift · Adverse possession · Deed
Lost, mislaid, and abandoned property
Treasure trove
Alienation · Bailment · License
Estates in land
Allodial title · Fee simple · Fee tail
Life estate · Defeasible estate
Future interest · Concurrent estate
Leasehold estate · Condominiums
Conveyancing
Bona fide purchaser
Torrens title · Strata title
Estoppel by deed · Quitclaim deed
Mortgage · Equitable conversion
Action to quiet title
Future use control
Restraint on alienation
Rule against perpetuities
Rule in Shelley's Case
Doctrine of worthier title
Nonpossessory interest
Easement · Profit
Covenant running with the land
Equitable servitude
Related topics
Fixtures · Waste · Partition
Riparian water rights
Lateral and subjacent support
Assignment · Nemo dat
Other common law areas
Contract law · Tort law
Wills, trusts and estates
Criminal law · Evidence
v  d  e

Strata title is a form of ownership devised for multi-level apartment blocks. The 'strata' part of the term refers to apartments being on different levels, or "strata".

Strata title was first introduced in 1961 in the state of New South Wales, Australia, to better cope with the legal ownership of apartment blocks. Previously, the only adequate method of dividing ownership was company title, which suffered from a number of defects, such as the difficulty of instituting mortgages. This term also applies to house-type strata title units in Australia.

Other countries that have adopted the Australian system of apartment ownership include

  • Canada
  • Singapore
  • South Africa
  • Indonesia
  • Malaysia
  • Fiji and
  • The Philippines

Other countries have legislation based on similar principles but with different definitions and using different mechanisms in their administration.

Strata Title Schemes are composed of individual lots and common property. Lots are either apartments, garages or storerooms and each is shown on the title as being owned by a Lot Owner. Common Property is defined as everything else on the parcel of land that is not comprised in a Lot, such as common stairwells, driveways, roofs, gardens and so on.

[edit] See also

Personal tools