strata title
(AU, Singapore, British Columbia) (legal) A form of title over parts of real property, originally designed to facilitate ownership and mortgage of separate parts of a building, often on multiple levels.
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(AU, Singapore, British Columbia) (legal) A form of title over parts of real property, originally designed to facilitate ownership and mortgage of separate parts of a building, often on multiple levels. Usually some common property is the responsibility of all strata title holders via an owner's corporation.
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- owners corporation61%
Australian property law term for the legal entity formed by all the owners of lots in a strata-title development — apartments, townhouses, or mixed-use complexes. Equivalent to a 'body corporate' in other Australian states or a 'homeowners association' in the US. The owners corporation manages shared spaces, sets levies, enforces by-laws, and generally makes decisions that affect everyone in the building. A term every Australian apartment dweller will eventually become painfully familiar with.
- commonhold55%
(property law, E&W) The freehold tenure of part of a multioccupancy building (typically a flat) with shared responsibility for common services.
- color of title55%
(US, _, legal) The situation where a claim to title in real estate appears valid but may be legally defective.
- owners corporation53%
(Australia) A body corporate.
- body corporate53%
(AU, NZ) An organization of individuals that jointly own a shared housing facility such as a condominium or set of townhouses under a community titles scheme.