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Strata Title originated in Australia and is a means whereby ownership in part of a building is held or transferred. A Strata Title is most often used in the case of home units or a block of flats, although this is increasing in the case of commercial office property. The land in a Strata Title comprises the strata below and above the surface of the land as well as fixtures. The fact that land includes airspace above the surface is the concept which underlies the modern Strata Title. A strata plan of subdivision also divides the airspace above the surface, i.e. it divides vertically as well as horizontally. The strata plan of subdivision is a plan of the home unit building.Common property is owned by a body corporate created by the legislation and comprising all of the lot owners.
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