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Types of Strata Buildings

Strata buildings give you the opportunity to own different portions of a building, each with its own title and deed. Strata titles are usually sold in blocks of 100, with a minimum of 10 titles per block. You can purchase any number of titles between one and 100 in any given block.

The ownership and management of strata buildings come with certain specific rights, duties, and obligations. To know more about strata buildings, you can visit this source – archi-qs.com.au/strata-building-bond-and-inspections-scheme/.

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Multi-unit dwellings are the most common type of strata building. They can be found in urban areas and offer a variety of unit sizes, from small apartments to large townhouses. Multi-unit dwellings typically have common areas such as lobbies, laundry facilities, and recreation rooms. Some may also have amenities such as swimming pools and exercise rooms.

Another type of strata building is a condominium. Condominiums are usually composed of multiple units in one building, but can also include townhouse complexes and other arrangements. Like multi-unit dwellings, condominiums have common areas and amenities.

Strata buildings can also take the form of cooperatives. In a cooperative, residents own shares in the building itself rather than individual units. Cooperative buildings typically have fewer units than other types of strata buildings, and they may be located in rural or suburban areas.

Low-rise strata buildings are typically found in more suburban or residential areas. They offer residents a more relaxed and comfortable setting, away from the hustle and bustle of the city. Low-rise strata buildings often have fewer amenities than high-rise buildings but they make up for it with their tranquil atmosphere.