Nov 1 2010, 11:42 PM
QUOTE(PhoebeTeh @ Nov 1 2010, 03:32 PM)
What does Stratum with freehold, and Stratum with Leasehold means in terms of this Strata title?
What we can do and cannot do once we get the strata?
Strata title is an individual title for a unit (parcel) in a building, eg condos, apartments.What we can do and cannot do once we get the strata?
Freehold means that the ownership belongs to you in perpetuity, while leasehold would mean that it belongs to you for a stipulated period of years, mostly 99 years from date of issuance. After that period, it ought to revert to the state authority, but in reality, it will most probably be extended for another 99 years.
What can you do with the title? Keep it safely of course!
Hope the above helps
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