Ahad, 25 Oktober 2009

The Concept in strata

Concept that used in strata is:

  1. To give titles unit or parcels in a building
  2. Parcels are owned by individuals
  3. The rest properly (land and common properties) are jointly owned by parcel proprietors

The prerequisites for Subdivision of building are ;

  1. Minimum 2 storey     – there must be at least one building of 2 storey or mre. If there is other building besides that building, these may be subdivision too. However, any building having only one storey in the same lot shall also be capable of being subdivided into parcel (Amended Act A951/1996)
  2. Land must be alienated land – the land on which the building stands. It is held under a qualified title of the entire parcels proprietor; it must not be a state land and reserve land. As long as the title of the land is not qualified, the approval to the strata will not be approved.

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