A property developer wants to create a strata scheme for a new apartment building. What document must be registered to establish individual ownership of units?
Correct Answer
B) Strata plan showing the division of lots and common property
A strata plan must be registered with the land titles office to legally create the strata scheme. This plan shows the division of the building into individual lots and identifies common property areas, creating separate titles for each unit.
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A property developer wants to create a residential complex with individual ownership of apartments and shared ownership of common areas. Which type of title would be most appropriate?
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A property developer wants to create a strata scheme for a new apartment building. What document must be registered to establish individual lot ownership?