A way of owning property where each owner has their own lot and is responsible for the buildings within the lot, while sharing ownership of common areas like roads, gardens, or recreation facilities. Usually used for larger estates or mixed-use developments.
Important notice. This information is general in nature and does not constitute legal advice. Unless indicated otherwise, this information is based on New South Wales strata laws and practice. Strata laws, terminology and procedures differ across the different Australian states and territories. For more specific advice on your particular circumstances contact us for a referral to an appropriate expert.
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