Reply: 1.2.1.1.1.2.1.1.1
From: Duncan M
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In South Australia I believe the Title is called a "Moety" Title. Many banks
wont lend for Moety Titled Units.. Well worth steering clear of IMHO.
Duncan.
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From: propertyforum Listmanager
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Subject: Units v's houses
From: "Rolf Latham" <
[email protected]>
Hi Caroline
At the risk of using a cliche, the only dumb question is the one you dont
ask? Thats what this forum is here for.
There are a number of ways to "own" a unit.
The most common is Strata Title (know by diff terminology in other states Im
sure). On this type of title, each unit has its own seprate title, and an
Owners Corporation or Body Coprorate decides what you can and cant do with
it, but you are usually free to rent it to whomever you like.
The next most common, especially in older blocks is the Company Title.
Simply this is where a Company owns all the units. You get an entitlement in
the company relevant to your share of the property. The units are NOT
separately titled, and the Company can decide what you can and cant do with
the property. I have heard of restrictions that a company titled unit could
have imposed on it include no tennants only owner occupiers etc etc.
Ta
Rolf
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<TITLE>RE: Units v's houses</TITLE>
In South Australia I believe the Title is called a ="Moety" Title. Many banks wont lend for Moety Titled Units.. =Well worth steering clear of IMHO.
Duncan.
-----Original Message-----
From: propertyforum Listmanager
[
mailto:[email protected]]
Sent: None
Subject: Units v's houses
From: "Rolf Latham" =<
[email protected]>
Hi Caroline
At the risk of using a cliche, the only dumb question =is the one you dont ask? Thats what this forum is here for.
There are a number of ways to "own" a unit. =
The most common is Strata Title (know by diff =terminology in other states Im sure). On this type of title, each unit =has its own seprate title, and an Owners Corporation or Body Coprorate =decides what you can and cant do with it, but you are usually free to =rent it to whomever you like.
The next most common, especially in older blocks is =the Company Title. Simply this is where a Company owns all the units. =You get an entitlement in the company relevant to your share of the =property. The units are NOT separately titled, and the Company can =decide what you can and cant do with the property. I have heard of =restrictions that a company titled unit could have imposed on it =include no tennants only owner occupiers etc etc.
Ta
Rolf
To reply:
mailto[email protected]
To start a new topic:
mailto[email protected]
To login:
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