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

Correct Answer

B) Individual ownership of the unit with Torrens title protection

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
Lower maintenance costs
B
Individual ownership of the unit with Torrens title protection
C
No body corporate fees
D
Unlimited renovation rights

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Related Topics & Key Terms

Key Terms:

strata titlecompany titleTorrens titleindefeasible titleindividual ownership
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