Who owns common property?

• A. The Strata Corporation
• B. The Developer
• C. The Government
• D. All Owners Collectively

Answer: (D)

Common property is the parts of a strata development that no single owner can exclusively use—things like lobbies, hallways, gardens, and exterior areas. It isn’t owned by any one person. After the strata plan is registered, the legal title to this common property sits with the strata corporation, which is the entity created to manage the development, acting on behalf of all owners. Each owner has an undivided interest in the common property through their strata plan ownership, so, in effect, the property is owned collectively by all owners via the strata corporation. The developer’s ownership ends when registration occurs, and the government does not own the common property.