Strata title is a form of ownership devised for multi-level apartment blocks and horizontal subdivisions with shared areas. The ‘strata’ part of the term refers to apartments being on different levels, or “strata”. In strata title system, the title of an apartment rests with the owner of the apartment which enables the owner to mortgage the property easily. Contrasts with company share where the company or a society owns the land and buildings and individuals are shareholders in the company. In company share, individuals get exclusive right to a piece of a building but do not hold title to their apartment so it becomes difficult to mortgage such property.

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