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Investment Strata titles of a condo, Strata titles of a Condo
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TScalcom21
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Apr 27 2010, 05:53 PM, updated 16y ago
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Dear All, We heard that if you purchase a condo, you will be given a strata title which said that you own a parcel in that condo. My question is who actually own the land of that condo? The Bank? What happen if the condo destroyed, are we all entitle to the land title which holds the strata title?
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leongal
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Apr 27 2010, 08:47 PM
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QUOTE(calcom21 @ Apr 27 2010, 05:53 PM) Dear All, We heard that if you purchase a condo, you will be given a strata title which said that you own a parcel in that condo. My question is who actually own the land of that condo? The Bank? What happen if the condo destroyed, are we all entitle to the land title which holds the strata title? not all condo comes with strata title the developer owns the land of the condo
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