A little information on Strata Title

1. WHAT IS A STRATA TITLE
WHAT IS A STRATA TITLE
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The land owner under the strata titles belongs to the owners or developers
of the property.
Each particular apartment or condo unit/parcel will belong individually to you
and other unit owners respectively.
A Strata title is separate individual title issued towards an individual unit
of a strata property.
High-rises such as Flats, Apartments, Condominiums, and townhouses
are typical strata properties. However, landed homes in gated and
guarded (G&G) communities may also be included in this category. Eg:
Bandar Sri Sendayan
Strata Property is defined as a development or scheme where the buiding
or land is carved out into different lots or “parcels”
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The common areas such as the swimming pool, gym, elevators etc are shared areas
and do not belong to any individual strata unit holder. The maintenance and
management of these common properties are covered by the Strata Management Act
2013 and enforced by an officer known as the Commissioner of Buildings.
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3. WHAT ARE THE BENEFITS?
Peace of Mind
With numerous tiers of security
The Overseer
Management Committee (MC)
protects and prioritse the
interests of residents.
Money Matters
Effective Management
protects property value &
investment.
Living the Life
Well Maintained facilities with the
spacious comfort of a landed
residential
Comfort in Command
Common Shared facilities are
maintained, protected, and
regulated by MC.
Privileged
Residents enjoy exclusive
use of common areas &
remarkable facilities.
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4. WHAT ARE MY RIGHTS AS A
STRATA PROPERTY OWNER?
A. Right to request for an extraordinary
General Meeting (EGM)
B. Right to vote during AGM and EGM.
C. Right to request for the review of Service
Charges and Sinking Fund.
D. Right to file a claim under the Strata
Management Tribunal (SMT)
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5. WHAT IS THE
DIFFERENCE
BETWEEN
INDIVIDUAL TITLE
AND STRATA TITLE
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6. Issued to Strata Properties
The buyer only owns the individual unit.
The land is owned by developer/owner
and common areas are shared
Individual units of High Rise
Flats, Apartments, Condominiums, Town
Houses
May also include (G&G) Communities
Landed Homes
Terrace House, Semi - D Houses,
Bungalows
Issued to landed properties
The buyer owns both the land and the
property
ISSUANCE
TYPES OF HOME
OWNERSHIP
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7. Acquiring finance is easier and
more accessible
Acquiring finance might be easy but by
comparison has more difficulties.
Includes obligations for shared
maintainence
Slow Registration
Individual responsibility
Fast Registration REGISTRATION
RESPONSIBILITIES
EASE OF FINANCE
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