How Strata Title Relates To Multi Home Building Ownership

Posted on

Are you a condominium homeowner? What about a collective garage where you own one of the units? Or what about a storeroom that is situated similarly? In any of these instances, the legal concept of strata title ownership comes into play.

You might recognize strata title as a type of ownership of property, established purposely to relate to communal living areas. Since “strata” relates to apartments on different levels, the term in itself is descriptive.

Strata title was first created in a state in Australia way back in 1961. Since then, it has been adopted into law by other countries like Canada (British Columbia), Singapore, South Africa, Indonesia, Malaysia, Fiji, the Philippines, India and Dubai. Separate apartments in larger building complexes are the main things involved in strata title. It is especially efficient in dealing with such conditions in countries that have concerns with overcrowding.

Methods that make use of strata title include two factors. Owned by one particular owner, the first is the individual property. You can usually find this consisting of an apartment, garage or a certain sort of stock room. Second is the model of communal property. Including common stairways, parking areas, driveways, roofs and yards, among other things, this element includes everything else situated on the property that is not included in the separate lot itself.

It also makes sense that conflicts amongst neighboring property owners are bound to happen at a certain point, because having a lot of people living together in such a compact little space is so common in many of the countries that employ a strata title scheme. The situation has been anticipated in numerous countries already, and action has been taken to respond to the needs of persons in similar conditions. Anticipating these issues in advance, three Australian jurisdictions have already developed procedures to resolve conflicts of this matter, for example. Every jurisdiction has a somewhat different method by which to resolve conflicts relating to neighboring property owners in communal living situations, but their ultimate objective remains similar. In case a jurisdiction does not have a conflict resolution system in place, the complainant must proceed straight to the Supreme Court. Conflicts of this nature can usually be costly and not time-effective and yet for a few, they continue the only alternative for recourse.

Source by Mary Barney

Leave a Reply

Your email address will not be published. Required fields are marked *