- lucigooseyMember@lucigooseyJoin Date: 2009Post Count: 42
I have found a good 1 bedroom apartment in a good location but the section 32 states its a stratum title.
I have been reading that stratum title is not a good thing but I dont understand. I assume I still own the apartment when its on a stratum title.
Can some explain it and let me know the drawbacks. Sorry to be a sap of knowledge but I cant find a simple explanation searching the internet.
Dont know if this helps – Its an apartment block of about 20 apartments, built in 70’s , looking a ground floor 1 bedroom apartment about 45sqm
thank youScott No MatesParticipant@scott-no-matesJoin Date: 2005Post Count: 3,856
in NSW, stratum title permits the developer or owner of the entire stratum to further develop & subdivide within that stratum. Eg a development may comprise a retail/commercial stratum with individually titled suites & parking then a separate stratum with its own strata plan for units all located above/adjacent to the shops.
The only commonality being access for services & possibly some doorways joining the two stratum. There may also be some bylaws which allow access, cleaning of common area etc.