What is Strata Title?
Purchasing property can be a big deal. Unfortunately, the antiquated language of ‘land law’ has made purchasing property complicated for first timers. If you’re ‘in the market’, no doubt you will have come across an endless stream of legal terminology that has no use in everyday language (see ‘demise’, ‘fee simple’, or ‘title’). This article sheds some light on one of the most important terms that applies to many new properties: ‘strata title’.
What must you consider when you decide to sell a company title home unit?
There are three kinds of company title owners: those who don’t know how it differs from other ownership schemes, those who do know but don’t know the implications this has, and those who understand both. Unfortunately, those of the third type are few and far between.