Strata
Strata title is a form of ownership devised for multi-level apartment blocks and horizontal subdivisions with shared areas. The 'strata' part of the term refers to apartments being on different levels, or "strata". A strata manager looks after all common property on behalf of multiple owners. They ensure common property structures and facilities are maintained and insured. Strata title legislation is specific to each state so the terminology or regulations will vary depending on where you live. 


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