Proprietors of Strata Plan

In this context, P2P stands for “Proprietors of Strata Plan.” It refers to the entity or group that is responsible for managing and maintaining the common areas and obligations of a strata development in Jamaica. In strata developments, the Proprietors of Strata Plan (PSP) is usually a body corporate that oversees the collective management of shared spaces and facilities in the strata complex, ensuring that dues are paid and the complex remains in compliance with legal requirements. This abbreviation is essential in real estate dealings related to strata properties in Jamaica.