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Strata Title

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Jamaica Now
Oct 28, 2024
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Strata Title is a property ownership model in Jamaica that allows individuals to own specific units within a larger building or complex while sharing ownership and responsibility for common areas, such as hallways, lobbies, parking facilities, and recreational spaces. Under this system, each unit owner possesses an individual title for their unit, providing them with exclusive rights to that space, alongside a proportional share in the management and upkeep of the shared areas. This model is commonly applied in apartment complexes, condominiums, and mixed-use developments, where multiple owners live or operate within a single structure but contribute collectively to the property’s overall maintenance. The system operates under a “strata scheme,” which outlines rules, regulations, and bylaws governing the use, maintenance, and collective responsibilities of the property. Each owner has obligations that include financial contributions for repairs, insurance, and other expenses related t…

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