What is strata Title Property ?

Strata Title

Strata title property is a form of ownership in which a property owner owns their individual unit, plus a share of the common areas of the property, or “common property”. Residential, commercial, industrial and other types of buildings may be subdivided by way of a strata plan.
Each development is managed by its own “Management corporation”, although some Management corporations may choose to hire a property manager or property Agent. The owner of each strata lot has one vote in the management corporation, and generally pays monthly maintenance fees to cover shared expenses related to common property and to provide for a contingency fund, used for repairs and maintenance of common property. Sometime, called the Sinking fund. The Managment corporation can pass strata by-laws (building regulations), and must hold a general meeting of all owners at once a year or when the MC think fit, when the annual budget is approved, the “Management Council” is elected, and special resolutions, if requested, are voted on.

The governing legislation regarding strata title property is the Malaysia Government Strata Property Act . The creation of strata title property does always require Land and Survey Department approval, as noted further below.

New Buildings :

When a new building containing two or more units is constructed and has not been occupied, a strata plan can be deposited for registration in the Land and Survey Department , requiring STA approval on the strata plan. New development in most single-family districts generally cannot be strata titled, and the City may require a covenant to be registered against the property title to restrict strata titling in these districts. Some other uses, such as Artist Studios, may also be restricted from strata titling in some zoning districts.

Existing Buildings (Strata Conversions for info Only)

Any proposal involving the conversion of a previously-occupied building to strata title ownership must receive STA approval, in accordance with the Strata Property Act . The City’s process for conversion of previously-occupied buildings to strata or cooperative ownership is intended to assess the impact of conversion on the supply of rental accommodation in the area and to consider the impacts on residential tenants who are unwilling or unable to stay in their residence by purchasing a strata lot or cooperative unit. It also ensures that the building proposed for conversion is in a reasonable state of repair. Buildings are inspected by City staff for compliance with the Building, Electrical, Plumbing and Fire By-laws and in general must be upgraded to substantially comply with these by-laws. For attached dwellings, fire separation between units and life-safety systems such as sprinklers are mandatory.