Whether it is a bare land of two units or 250 units, it is still a strata. Tony Gioventu is executive director of the Condominium Home Owners' Association. Email [email protected]. A bare land strata is a unique type of strata. Unlike a typical condo or townhome strata, a bare land strata corporation has no interest in each individual owner's buildings (e.g. the house and garage), unless these buildings are referenced on the strata plan. However, the strata corporation will have an interest in common property and.
Pros and cons of living in a strata
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The bare land strata concept is best described as a larger piece of land that has been subdivided into several strata lots. The road within the development is known as common property. In addition to owning their lot, all the strata owners have a proportionate share of ownership in that roadway. The same proportionate share of ownership would.. Living in a strata. Publication date: May 10, 2023. Strata living is a popular choice in British Columbia with an estimated 1.5 million strata residents. Living in strata housing has unique roles and responsibilities; it is not the same as renting an apartment or owning a home which is not part of a strata corporation. Learn more on this page:
