Strata title

Form of ownership for lots in a multi-unit scheme (apartments, townhouses) where you own your lot and share ownership of common property (foyers, driveways, gardens) with other owners through an ow...

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• referenceDefinition: {"term":"Strata title","definition":"Form of ownership for lots in a multi-unit scheme (apartments, townhouses) where you own your lot and share ownership of common property (foyers, driveways, gardens) with other owners through an owners corporation. Owners pay levies for building management, maintenance and insurance and are bound by the scheme's by-laws. Buyers should obtain a strata report before committing.","primarySource":"https://www.nsw.gov.au/housing-and-construction/strata"}