Strata vs. Bare Land Strata
The following questions helps to define what a bare land strata property is.
Q: What is the difference between strata and bare land strata?
A: Bare land strata is governed by The Bare Land Strata Regulations and refers to the subdivision of land into strata lots and common property. In a normal strata all of the lots share land and walls, as well as common property. In a bare land strata each lot is individual and may house a single family self contained dwelling.
Often a developer will create a bare land strata and sell the lots. The bylaws may stipulate rules that govern size, style or color of the units to be built. The developer may provide common facilities like recreation rooms, barbeque sites, roads, etc.
The common assets become the responsibility of the owners to maintain. Strata fees are commonly charged in bare land stratas to maintain the common property. Usually these strata fees are lower than a normal strata property as the fees do not cover maintenance of individual dwellings. In a normal strata property, the strata uses fees to replace the roof, paint the exterior, pay for common utilities and general maintenance of the entire property.
