Strata Title
Strata title defined of ownership as certificate or document to control the occupy with their particular unit of properties and accessory parcel such as parking bays.
Meanwhile, the land belongs to an owner like developers, and they separate to individual with strata title.
Usually strata title applied on buildings such as town houses, condominium, flat, apartments, commercial buildings and others high-rise buildings as well.
For owner of strata title, they have to shares common facilities with others owner that provided from their developers. Of course, the maintenance fees of facilities will be charged to the owner. The maintenance cost usual for upgrading elevators, painting the building and etc.
Besides that, strata title owner need not to obtain the consent third party to sell the property.
To having a strata title, it is important to owner as a proof of their property ownership.