Strata Ownership

Strata Ownership is a term that we are all familiar with and understand. It is ownership in fee simple. At closing, the purchaser pays the purchase price of the strata lot (suite); associated legal and closing costs; normal closing adjustments; Land Transfer Taxes; Goods and Services Tax; and the purchaser’s name is registered on title. As a Strata Lot owner, the purchaser has continuing monthly financial obligations for strata fees (their proportional share of common expenses); realty property tax; expenses normal to home ownership; and as an owner in Heaton Place, their monthly service package fee. Please contact us for details.

> Read about Term Ownership