What is Stratum Title?
Most Stratum Title properties pre date 1967 and are a combination of freehold title for individual lots, with a Service Company to manage the common property. Similarly to a Company Title property, The Service Company is governed by the Corporations Act under a Memorandum and Articles of Association, referred to as Memorandum. This Memorandum sets out the rules and regulations that must be followed for the managment of the common property. Each freehoold owner also holds shares in the Service Company giving rights to use the Common Property.