What is the Difference Between Strata and Stratum?

The main difference between strata and stratum lies in the ownership and management of the properties within a multi-unit development. Here are the key differences:

• Strata properties involve individual ownership of units and shared ownership of common property. In a strata property, individuals own a specific unit or lot within the larger development while also sharing ownership of common areas such as lobbies, parking lots, and recreational facilities. Strata properties are more common and are usually found in multi-unit townhouses or condominiums.
• Stratum properties retain ownership of the land and offer leasehold arrangements for individual units. In a stratum property, a developer or owner retains ownership of the land and divides it into strata lots or units. These units are then sold individually, typically under a leasehold arrangement, giving the buyers the right to occupy and use their purchased unit. Stratum properties are less common and can be found in both residential and commercial developments.

In summary, while both strata and stratum properties involve shared ownership and management in multi-unit developments, they differ in terms of the ownership of land, leasehold arrangements, and the parties responsible for property management.

Comparative Table: Strata vs Stratum

The difference between "strata" and "stratum" is that "strata" is the plural form of "stratum". In other words, you have a stratum, or a collection of strata. Here is a table summarizing the differences: