The Unit Title Act 1972 was designed to allow for development of high rise apartments, buildings, and commercial units. This enables the issue of a separate Title to the registered owner. The Title will comprise of an estate in the unit and any garden, garage or other accessory, an undivided share in the fee simple or lease hold estate in the common property and an undivided share in the fee simple. Interesting though the Government are proposing changes to the Unit Title Act to bring it into alignment to deal with Strata Title properties. Stay posted for further update and progress reports.
Tag: Lease Hold
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