Final answer:
A Strata is a collection of buildings owned by a Strata Board who shares ownership of common areas with the owners of the units. True.
Step-by-step explanation:
A Strata is a collection of buildings owned by a Strata Board who shares ownership of common areas with the owners of the units. True. In a strata, the owners of individual units own their units and have a shared ownership of common areas such as hallways, parking lots, and recreational facilities. The Strata Board is responsible for managing the common areas and making decisions on behalf of the strata community.