Business and Personal Finance Dictionary

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• STRATA TITLE
  
  Strata Title is the common method of unit (or villa or townhouse) ownership. The relevant strata legislation makes possible the subdivision of the airspace above the surface of the land, and the issue of a Certificate of Title to part or parts of a building. This enables the purchaser to buy the actual space enclosed by the unit/villa/townhouse and then sell, lease, mortgage or otherwise deal with the lot as any other owner of property
  
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