Company title is a category of land ownership whereby a company has title to the land and owns the units on that land. Shareholders who have shares in the company have exclusive use and occupation of their flat in accordance with The Company’s Constitution. Therefore,...
If you plan to convert company title to strata title, do you have evidence of paying stamp duty on your company title? Conveyances, the sale of property, is subject to conveyance stamp duty. It is often one of the largest costs associated with the purchase of a...
When a company title member lets their unit to a tenant, there is no legal relationship between the tenant and the company. This means the company must rely on the tenant to enforce house rules on their tenant and means the company has no power to limit sub-letting or...
Managing a company title building’s renovations to ensure they are safe and non-disruptive is essential to members’ enjoyment of the building. In addition, directors who do not take steps to ensure that work is carried out by appropriately qualified and...
For directors and members, a change to the company title constitution may seem like a daunting process. Updated constitutions can assist companies in managing letting and subletting, improving corporate governance and bringing their constitution in line with the most...
It is often difficult for a developer to unlock the value of land by using strata title. Sometimes, the terms of a development approval or other planning instrument may prevent strata subdivision. At other times, the costs associated with a strata subdivision can be...
