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by Sheree-Anita Shearer | Associate Writer
Strata lots are subdivisions of a building wholly or partially covered and attached directly to other units on the top or bottom but have their own certificate of title. A more common term for these now is condos or condominiums.
An individual owns the unit they purchased however, the ownership and maintenance of common areas are shared. For example, most strata communities have amenities such as a pool, tennis court and green area. The upkeep of these places is paid for by the owners of the strata units in the complex.
This is done through the monthly strata fees which are used for maintenance and safety. If proprietors default on their payments, they can be brought to court by the management of their complex. The management is often known as a owners’ corporation, a strata company or, like in Jamaica, a strata corporation.
The strata lot number is the unique identifier for each strata lot in a strata complex. This, an owner can use to identify their specific lot when doing things relating to taxes and other matters. The letters refer to the region and the time of strata plan registration. The strata lot number is found on the title as the ST or PST number.
The Strata title is the certificate of title showing ownership of individual strata lots in Jamaica.
In urban areas, there often isn’t enough space for individuals to purchase large unattached homes. So, the concept of strata homes works well in cities since it allows people the chance to own their homes.
Another reason strata homes work is that a common issue for persons in these areas is time. So, they may not be able to find the time to do certain maintenance-type things for their home.
For example, an unattached home would mean the owners would have to find the time to maintain the landscape either by doing it themselves or finding someone to do it for them.
While it is still the responsibility of the proprietors of strata lots, all they need to do is pay their monthly fee and the management of their strata complex will ensure it is done.
It isn’t just residential properties that can be part of strata titles. It is quite common for business complexes to have strata titles just as much as residential properties and mixed-use properties.
Yes, strata lots can be rented unless it says otherwise in the strata agreement. But, the tenants are expected to adhere to the rules of the strata corporation and specific rules of the particular strata development. For example, if the strata development has a no-pet rule, then the tenant must be compliant.
Also, the management of the strata property must be notified that not you but a tenant will be occupying the space.
Yes, if you decide you no longer want to be the proprietor, the strata lot can be sold. However, the management of your strata development must be notified of the change in the proprietor.
These responsibilities are outlined in the Strata Titles Act of Jamaica.
When a strata complex is made, it is required that a committee of sorts be formed right after, to include all the proprietors. They are expected to have regular meetings to ensure that strata homeowners have a place to voice their concerns.
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Where Do You Find The Strata Lot Number? | January 30, 2023