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.
Why This Is the Correct Answer
A strata owner holds their own lot under a separate registered title, with the protection of the Torrens system, and can sell or mortgage it like any other land. A company title holder owns only shares in the company that owns the building, with a right to occupy a unit.
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