Strata Lot might include a Suite, Unit, Apartment, office, Town-house, Villa, duplex, or even a survey-strata vacant/housed lot. A ‘Strata lot’ will be a lot on a ‘Strata’ or ‘Survey-Strata’ plan. They are subject to the Strata Titles act.
They are usually subject to the standard schedule 1 & 2 Strata by-laws (as specified in the act) They also maybe be subject to;
We recommend that you inspect the strata company records as entitled to, before entering into a contract on a strata lot.
It is best to be fully informed before you buy the strata lot in question.