Definitions for "Strata title"
A title to a unit or lot on a plan of subdivision associated with townhouses, units and blocks of flats. Owners have a certificate of title, are absolute owners of a freehold flat and have an undivided share of the common property. Unconditional contract: A contract that has no conditions and must, therefore, be proceeded with.
Title to a flat, unit or lot of land that has been subdivided into two or more lots with common property being jointly owned by the unit holders via a body corporate. each unit constitutes a separate title (See also Body Corporate).
This title provides a person with ownership of a unit in a unit complex which can be sold, leased or transferred.