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A strata corporation is often a legal entity that is certainly created beneath the Strata Property Act 1961. In this, all the powers rest within reach of the one that has the full capacity. That person can sue others, may be sued by others, hire employees and can also access contracts online websites. The strata corporation divides a building into several components that can be owned either with the individuals or even the people who just love the building. owned components are known as 'separately owned' components, whereas the ingredients which are owned