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    Strata title

    From Wikipedia, the free encyclopedia

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    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

    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

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