strata title


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strata title

(Australia and New Zealand) a system of registered ownership of space in multistorey buildings, to be equivalent to the ownership of the land of a single-storey building. Similar to a flying freehold in England or tenement in Scotland.
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However, with the significant numbers of apartments and compounds being constructed, the development of a strata title law is an issue that the authorities will need to address in the immediate future.
The Strata Title Regulations provide for a system of the subdivision of title along the horizontal and vertical planes, similar to draft laws for Abu Dhabi that are currently under circulation for industry comment.
With developers of some strata title buildings having problems collecting service charges from owners, the quality of property management may also suffer over time.
New strata title shopping malls are expected to come on stream in 2015 including Cimandala City Mall, Cimandala City Trade Mall and Bekasi Trade Center 2.
In terms of evolving trends, it appears that strata title is a fast emerging form of hotel ownership (Pizam, 2006; Warnken et al.
Office buildings with strata title are proving unattractive to tenants that need large spaces, leading to vacancy rates that are higher than properties with one owner.
Since a sub-decree for the Management and Use of Co-owned Buildings was passed in August 2009 strata titles have been available for condominium buildings.
A"There is a legal framework in place in Abu Dhabi to deal with real estate and that framework will hopefully be shortly augmented by additional legislation dealing with Strata title, Escrow, brokerage and mortgage law.
Michael Teys, The Property Lawyers: Teys expects the Managed Investment Act of July 1998 to have a significant impact on sectors of Queensland's development industry, particularly the Gold Coast and Sunshine Coast - areas affected by the act's requirement of a prospectus - to sell strata title investment units.
Riverwind Strata Title Housing Co-operative in Edmonton is an example of an equity co-operative.
Much of the market has been geared toward strata title ownership, but as the market gets more competitive, there will be less ownership and more interest in leasing.
Management System for the Strata Title Industry and