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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Michael Yardney

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Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit Metropole.com.au