What Is Strata Title Malaysia

A strata property is defined as a development or scheme where the building or land is carved out into different lots or parcels.

What is strata title malaysia. Before assigning these titles the developer of a specific property will be the landowner in the master title. As per sma 2013 a strata title allows property buyers ownership or co ownership of part of a strata property. As per the strata titles act 1985 strata title allows individuals to own or co own part of a multi storey property. Examples include flats apartments condominiums townhouses and houses in gated and guarded communities.

The developer will then assign the individual or strata title depending on the property purchased by the buyer. This was in response to the growing number of multi storey properties as a result of urbanisation in major cities around malaysia. Strata title refers to a form of property ownership or property title that is issued for multi story high rise buildings or houses some guarded and gated housing developments that are sub divided into different smaller parcels. The term strata was first introduced legally in 1985 with the strata titles act 1985 sta.

A typical feature of strata properties is when the house you bought whether landed or high rise comes with common facilities and areas such as swimming pools clubhouses and other common properties which are shared by all the residents. For the uninitiated a strata title is the document that states the ownership of a strata property. A strata title is issued when you own a portion of the land alongside the other owners. Top picks by edgeprop.

It gives owners the control of the individual units of high rise properties and strata landed ones. Laws of malaysia act 318 strata titles act 1985 an act to facilitate the subdivision of building or land into parcels the disposition of titles and the collection of rent and for purposes connected therewith. Here are the reasons why. Strata titles are basically separate individual titles issued to units of houses apartments or offices within a development that shares common facilities such as gated guarded communities security car parks and facilities governed by a common owner.

A land title is the most important document that every homeowner should ensure they have in their possession. Peninsular malaysia the federal territory of kuala lumpur and the federal territory of putrajaya 1 june 1985 p u. B c images getty images.