What title do cluster housing properties owners hold?
The concept of Cluster housing is a mix of condominium and landed homes. You get to enjoy share communal facilities yet live in spacious 3-5 stories landed. Some consumers wonder, do cluster housing hold Strata or Land Title?
Strata title are separate individual titles issued to units of houses, apartments or offices jointly developed within a development that shares common facilities such as gated & guarded, security, car parks and facilities governed by a common deed of mutual covenants.
In the context of non-strata titled development, landed properties fall into this segment. Non-strata will mean that the land belong to only single owner, no shared area with others. Land title will be issued instead of strata title.
Cluster housing do have shared facilities, allowing developers to build multi-floor properties that are adjoined to one another. Each cluster housing development is helmed by a managing agent who takes care of the regular maintenance and upkeep obligations, like upkeep of the pool, repainting your home’s façade or fixing damage to the property. Maintenance fees is payable by each household based on share value. Maintenance for cluster housings could be as lows as $350 up to $700.
As each household are given a share value of the development, Cluster housing owners hold a strata title deed.