Strata Title Essay
Strata title is the title specialized for the individual unit of property such as apartment, condominium, offices and etc. Strata title can indicate that the ownership of the property belonging. The person who holds the strata title is the actual owner of the property. For this reason, Buyers should ask for strata title when they purchasing this kind of property. If not, the ownership of the property will fall under the developer name and not the buyer owning the unit. In addition, when buyers own the strata title, he/she have the right to sell out the property without getting the consent from the developer.
Strata title is the vital parts of a condominium property. It has provided great convenience to the condominium buyers. Without strata
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The opposite of condo is many families are living in the same building that can reach the amount about 300 to 500 households. At the same time, they are able to enjoy their privacy, safety and personal space in the unit of the condo that they purchase without living with others and also they are no need to afraid about disturbing by others household. In addition, they can get help from their neighbours if something goes wrong when living in the condo because bungalow has no neighbours or neighbours are far away from the bungalow, It made problems to the household when an emergency such as sick, faint or fire disaster. Moreover, the household living in the condo is far more than bungalow cause the developer gain more profit by building the condo compared to building a bungalow. For example, developer sells a bungalow can gain RM10,000 and sell a unit of the condo can earn RM3000, If the condo unit sold 300 unit(RM3000×300= RM900,000). The profit that selling the condo will much more than selling a bungalow. From the perspective of developers, apart from making more profits, condominiums are designed to enable more people to buy houses and raise their standard of living, without spending too much money on mortgage loans, especially low-income earners, white-collar workers and middle-income people by cooperation with the government to provide better housing plan to the
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