What is Strata Title?

Strata Title is a form of land title in NSW where an owner of a lot also shares title to the common property. In the example below there are three lots and four titles. The common property title has information about the current title diagram, affecting interests, the address for services of notices and the current schedule of unit entitlement.

A strata manager typically stores the common property title.

#strata #NSWlegislation