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Strata title is a form of ownership and housing tenure devised for multi-level apartment blocks and horizontal subdivisions with shared areas. The word "strata" refers to apartments on different levels. Strata title was first introduced in 1961 in the state of New South Wales, Australia, to better cope with the legal ownership of apartment ...
Lot owners and prospective purchasers with written permission from a lot owner, can inspect the books and records of a strata scheme for a fee in accordance with section 108 of the Strata Schemes Management Act 1996. There are companies which specialise in inspecting the books and records and can organise a 'strata search' inspection. [8]
Bill title: Strata Management Bill 2012: Bill citation: D.R. 32/2012: Member(s) in charge: Chor Chee Heung, Minister of Housing and Local Government: First reading: 3 December 2012: Second reading: 19 December 2012: Third reading: 19 December 2012: Related legislation; Strata Titles Act 1985 [Act 318]
A title search is the process in which a title company or attorney examines public records to make sure that there are no claims, liens or issues with a property that could result in another ...
Until December 2015, condominiums in Ontario were governed by the Ontario Condominium Act, 1998 [13] with each development establishing a corporation to deal with day-to-day functions (maintenance, repairs, etc.). A board of directors is elected by the owners of units (or, in the case of a common elements condominium corporation, the owners of ...
In today's puzzle, there are seven theme words to find (including the spangram). Hint: The first one can be found in the top-half of the board. Here are the first two letters for each word: WA. WA ...
It has features similar to the strata title system in Australia, and condominium systems in the United States. Following a consultation by the Law Commission, [1] it was introduced by the Commonhold and Leasehold Reform Act 2002 as an alternative to leasehold, and was the first new type of legal estate to be introduced in English law since 1925 ...
Strata title was developed in Australia and by-laws of body corporate are also empowered by state legislation. [6] Many people come into contact with strata by-laws on a regular basis, since they affect what people living in strata title housing can do in their homes. [7] The most well-known of these is the "no pets in flats" rule. [8] [9]