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Strata title schemes are composed of individual lots and common property. Lots are either apartments, garages or storerooms and each is shown on the title as owned by a lot owner. Common property is defined as everything else on the parcel of land that is not comprised in a lot, such as common stairwells, driveways, roofs, gardens and so on.
Garage-apartment: an apartment over a garage; if the garage is attached, the apartment will have a separate entrance from the main house. Garlow: a portmanteau word "garage" + "bungalow"; similar to a garage-apartment, but with the apartment and garage at the same level.
A strata scheme is a building, or collection of buildings, where individual each own a small portion known as a 'lot' but where there is also common property (e.g. external walls, windows, roofs, driveways, foyers, fences, lawns and gardens). Every owner shares the ownership of the common property.
New York. Population total: 8,622,467 Household median income: $76,607 Condo COOP average value: $6692,891 Total cost of living monthly: $5,149 Overall average rent: $2,238 1 bedroom average rent ...
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Groundbreaking on multifamily homes that have more than five units - a size that typically indicates apartment construction - decreased by 11.6% to 482,000 in June from a revised 545,000 starts in ...
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