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A strata title is the most common title associated with town houses and home units and is evidence of ownership of a unit, which is called a 'lot', in a strata plan. A strata plan divides a building and its associated land into lots, each of which has a strata title, and usually common property. Common property is the part of the land and building in the strata plan which does not form part of any unit, for instance, stairways, passages, driveways and car park.
Updated as an ongoing process. |