Skip to contentIf you’re thinking of getting into the property market and buying a unit, apartment or townhouse, you need to learn more about what a strata title property means.Knowing the pros and cons of owning a strata title property as well as your responsibilities as a lot owner can help you understand what you’re actually purchasing.When you buy a strata title property, you not only own the individual unit, apartment or townhouse (also known as the lot), but you also have shared ownership of the ‘common property’. This can include foyers, gardens, lifts, fences, and...…Skip to contentIf you’re thinking of getting into the property market and buying a unit, apartment or townhouse, you need to learn more about what a strata title property means.Knowing the pros and cons of owning a strata title property as well as your responsibilities as a lot owner can help you understand what you’re actually purchasing.When you buy a strata title property, you not only own the individual unit, apartment or townhouse (also known as the lot), but you also have shared ownership of the ‘common property’. This can include foyers, gardens, lifts, fences, and...WW…