Introduction (22:I): Difference between revisions
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{{REVIEWED LSLAP | date= | {{REVIEWED LSLAP | date= August 1, 2024}} | ||
{{LSLAP Manual TOC|expanded = strata}} | {{LSLAP Manual TOC|expanded = strata}} | ||
In a strata development, owners own their individual strata lots. As a strata corporation, owners also collectively own the strata corporation’s common property and assets. This blend of individual and common ownership has led to a wide-reaching legal framework that governs the relationship between owners in a | In a strata development, owners own their individual strata lots. As a strata corporation, owners also collectively own the strata corporation’s common property and assets. This blend of individual and common ownership has led to a wide-reaching legal framework that governs the relationship between owners in a |