If you are the owner of a condominium or apartment in a multi-storey building, you may be interested in obtaining a strata title. A strata title is a legal document that gives you ownership of a defined portion of a building, including your individual unit and a proportionate share of the common property. The Dual Share Value System is introduced to harmonise the governance of strata schemes, where the Undivided Share of Land (Bimun libey hissage adhadhu) and the proportional entitlement in the common property are separately recorded.

Management corporation (MC) consists of all the owners in a building and is managed by a council that provides the management of the building or strata. Key responsibilities of MCs typically include financial management, maintenance oversight, administrative tasks, community relations, and day-to-day operations of residential, commercial, or mixed-use properties.