Learn how to add and manage commercial strata properties in Vault, including linking individual strata lots and configuring ownership details.

This article covers:

• About strata properties in MRI Vault
• Add a commercial strata property
• Add strata property configurations
• Manage owners for strata properties
• Use stack plan and integrations

About strata properties in MRI Vault

Strata properties in MRI Vault allow you to manage a parent commercial property and its associated individual strata lots. This setup is essential for accurate reporting, ownership tracking, and integration with property data providers.

Add a commercial strata property

To create the main strata property record:

1. Go to: Properties > Add Property
2. Set the Class to Commercial
3. Set the Title to Strata

• The system will automatically set the status to Prospect/Not Currently Listed
• This is because the main strata property is neither appraised nor listed; it only contains the individual strata lots
  

4. (Optional) Enter Pipeline - Expected opportunity details
5. Click Add Prospect
6. Enter the property details:

• Property Address
• Particulars
• Legal Details & Rates (if applicable)
• Contact/Enquiry Staff Member(s) (up to two)
• Property Access (users who can view/edit the property)

6. Click Save/Update to add the property
7. Open the Owners tab on the property card to:

• Add a new contact as the owner, or
• Link an existing contact

Add strata property configurations

Once the main strata property is created, you can link individual strata lots.

1. Open the main strata property
2. Scroll to the Strata Properties section
   
3. Choose one of the following:

• Add New Strata Property - Create a new property and link it
  
• Link Existing Record as Configuration - Search for and link an existing property
  

4. Once linked, you’ll see the strata lots listed with options to:

• View - Open and manage the property
• Unlink - Remove the link (this does not delete the property)
  

5. When viewing a linked property, you’ll see:

• The current strata lot highlighted
• A link to view the Building/Site

Manage owners for strata properties

You can assign multiple owners to a strata property.

To add another owner:

1. Go to the Owners tab
2. Click Options > Attach Another Owner
   
3. Choose to link to an existing contact or create a new one.

• To switch between owners, use the dropdown in the top-right corner.
• To remove an owner, click Options > Unlink from Property

Use stack plan and integrations

• Strata properties appear in the stack plan view for better visualisation of property layouts
• If you’ve integrated with Cotality, National Property Data (NPD), or Pricefinder, you can pull property data directly into MRI Vault

Once set up, property searches will auto-fill fields like address, type, and particulars.