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What is the main advantage of strata title ownership compared to company title?

Correct Answer

A) Individual ownership of the unit under its own Torrens title.

Strata title provides individual Torrens title ownership of the unit, giving owners the security and legal protections of the Torrens system. This is superior to company title where owners only hold shares in a company that owns the building.

Answer Options
A
Individual ownership of the unit under its own Torrens title.
B
Lower maintenance costs, because strata schemes have no shared repairs.
C
No levies at all, because each owner insures and repairs their own unit.
D
Unlimited renovation rights, free of any by-laws or owner approvals.

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Related Topics & Key Terms

Key Terms:

strata titlecompany titleTorrens titleindefeasible titleindividual ownership
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