What is the difference between strata titled property and non-strata property?
There are many types of properties that can be strata titled, including town-homes, artist live/work studios, offices, warehouses, retail commercial units (stores), and industrial type properties. Detached single family dwellings can also be part of a strata subdivision. The most important point to keep in mind is that a strata titled property (a strata lot) is part of a complex which contains at least two strata lots and has common expenses for the maintenance of common property. When you own a strata titled property you are part of a strata corporation that shares common expenses for the maintenance of common property. A non-strata titled property is simply a property that is not strata titled or part of a strata corporation. Sometimes these types of properties are called “freehold”.
