This title offers the purchaser a shareholding in the company that manages the common area. Lenders can be reluctant to lend greater than 80% of the property value.
This title gives you legal ownership over a piece of property and also gives you a share in the company set up to look after the common areas of the flats or units you live in. It does not include "air space".
Similar to a Strata Title, except the owner becomes a shareholder in the company that manages the common area, not just a member.
A title of ownership in a unit of a larger building, where the owner is a shareholder in the company that manages the entire structure.
A form of title which records ownership of a small 'chunk' of a larger property. It's like Strata Title, except you become a shareholder in the company set up to administer the common areas, instead of a member of a body corporate. Survey Shows boundaries of the land and location of the building.
A title for a unit or apartment giving shareholder status in the company managing the common area
a title that records your ownership of your unit of a larger property. Unlike a strata title, the owner becomes a shareholder in the company that manages the common area, not just a member
Each owner has a Certificate of Title and is absolute owner of a freehold flat. A service company has title to the common property and the title holder has a final responsibility to the service company. The service company, in which the title holder has shares, administers, manages and maintains the property in which the owner's flat is registered.
also called Company Title. A title giving you ownership of a unit and makes you a member of the company that owns and maintains the property
Also called Company Title. A stratum-title owner has a certificate of title and is the absolute owner of a freehold flat. An owner automatically becomes a member of a service company that administers, manages and maintains the property in which the owner's flat is registered.
