strata title

/S T R AE1 T AH0 T AY0 T AH0 L/
noun
  1. 1

    A form of title over parts of real property, originally designed to facilitate ownership and mortgage of separate parts of a building, often on multiple levels. Usually some common property is the responsibility of all strata title holders via an owner's corporation.

    syn:commonholdcondominiumsectional title

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Source: https://en.wiktionary.org/wiki/strata%20title

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