What is strata title?

Strata title is a model of property ownership that allows for individual ownership of part of a property or a parcel of land, with shared ownership of others parts of the property.

Strata schemes divide a property into ‘lots’ that are individually owned. All of the lot owners are also part-owners of the “common” property – this includes things like roofs, driveways and exterior walls.

When you buy into a strata scheme, you:

• Automatically become the owner of a lot within that strata scheme
• Automatically become a member of the owners corporation, which manages the strata scheme
• Must pay levies towards the administration and upkeep of the common property of your strata scheme.

The main categories of strata title are residential, commercial, industrial and mixed use strata.

Read More

• What is residential strata?
• What is commercial strata?
• What is mixed use strata?
• What is a community title scheme?
• What is a company title property?
• What is a strata lot property?
• What is strata common property?
• Are strata balconies common property?

August 2022 correct at time of publication.