Stratum Title

Provides legal ownership over a property and also gives you a share in the company set up to look after the common areas of the flats or units where the property is located.

Stratum title pre-dates modern strata title subdivisions.

Under stratum title, the property is subdivided into lots.

Each unit owner is the registered proprietor of their lot and also holds shares in a service company established under the Corporations Act 2001. The service company owns and manages common property.

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