Strata Title

The ownership structure for apartments and townhouses — you own your lot, plus a share of common property.

Strata title divides a building into individually owned "lots" (your apartment or townhouse) plus shared "common property" (lifts, hallways, gardens, roof, walls). All lot owners are members of the Owners Corporation (called a Body Corporate in QLD) which manages common property and levies fees. Strata titles emerged in NSW in 1961 and have become the dominant form of medium and high-density Australian property ownership.