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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 ...
Strata management, sometimes known as "body corporate management", is a specialist area of property management involving the day-to-day operation and management of a property that is jointly owned and comprises multiple units, common areas and common facilities.
Strata properties are a popular housing choice in B.C. because it is convenient, provides security and added amenities and is usually less costly than buying a single-family home. [ 5 ] As the price of single-family housing has soared to unprecedented levels in Vancouver , the number of new condominium sales has increased, along with prices.
In the study of rock and sediment strata, geologists have recognized a number of different types of strata, including bed, flow, band, and key bed. [1] [5] A bed is a single stratum that is lithologically distinguishable from other layers above and below it. In the classification hierarchy of sedimentary lithostratigraphic units, a bed is the ...
Strata (linguistics) Strata roller coaster, a height classification, of roller coaster; Strata SE1, a building in London, England; Strata title, a form of ownership devised for multi-level apartment blocks; Strata Tower, building in Abu Dhabi; Strata, a homogeneous subgroups of members in Stratified sampling population
A condominium (or condo for short) is an ownership regime in which a building (or group of buildings) is divided into multiple units that are either each separately owned, or owned in common with exclusive rights of occupation by individual owners.
A good title consists of the combination of these three (possession, right of possession, and right of property) in the same person(s). The extinguishing of ancient, forgotten, or unasserted claims, such as E's in the example above, was the original purpose of statutes of limitations. Otherwise, title to property would always be uncertain.
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