Hi all just wondering if many people have come across these? I have seen a few recently. The apartments are strata titled and advertised as having a car space. On inspection of the contract of sale, the car spaces are not actually on title, rather on 99 year leases which gives you exclusive access to that car space.
Firstly is this false advertising as you are not actually buying a car space rather leasing one. Are things like this able up change? Eg become a seperate title? It's a bit frustrating as this really affects the borrowing capacity as it is really buying something without a car space in effect
Thanks
Firstly is this false advertising as you are not actually buying a car space rather leasing one. Are things like this able up change? Eg become a seperate title? It's a bit frustrating as this really affects the borrowing capacity as it is really buying something without a car space in effect
Thanks