Under strata title, which of these does a lot owner typically NOT own on their own?
Correct Answer
B) Sole ownership of common property areas such as hallways
A lot owner owns their lot outright and, together with all the other owners, a share in the common property. No single owner owns a hallway or other common area on their own; common areas are owned collectively and managed by the owners corporation. Walls, floor space and fixtures within the lot boundaries usually belong to the lot.
Why This Is the Correct Answer
Hallways are common property. Each owner has a share in the common property, but no owner owns any part of it individually or exclusively; it is held collectively and managed by the owners corporation.
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