Strata goes corporate

What’s in a name … Nothing or everything?

Unfortunately in Strataland there are so many names for the same things that it can all get far too confusing.

It’s bad enough in Australia, but when you go global (as this blog is going with followers in the USA, Canada, South Africa, the United Kingdom, Sweden and even Slovenia) it gets even worse.  And, we need to do something about it by trying to harmonise language.

So I’ve started with what I call the body or organisation that runs a high density building for and representing the owners.

And, I’ve found the following names in Australia and other English speaking places –

Owners Corporation

Strata Scheme

Body Corporate

Strata Plan

Strata Corporation

Condominium

Trustees

Community Association

Strata Association

Strata Company

Strata Body

I can’t imagine why all the differences exist ... but it's too late for them.

But, from now on I’m going to call them all by one name to make things easier for everyone ….a Strata Corporation because it suggest the two key elements –

• a separate entity from owners that is corporate in nature, and
•  3 dimensional real estate division into separate strata or stratum.

So it’s Strata Corporation all the way now.

Francesco ….