by Denise Marsden | Oct 16, 2014 | Unit Titles
When a unit title development is created a valuer must assess the ownership interest for each unit, which is essentially the relative market value of that unit compared with all of the other units. It’s possible for the body corporate to also establish a...
by Denise Marsden | Oct 16, 2014 | Unit Titles
Control Period and Turnover Disclosure The Unit Titles Act 2010 (UTA) treats a developer as being in control of a unit title development from the date the unit plan deposits until the date the developer (or its associates) owns or controls less than 75% of the votes...
by AlexanderDorrington | Oct 16, 2014 | Building, General property Law
What are the proposed changes? Changes are being mooted to retention arrangements. The Government has announced that a "deemed trust" arrangement is their proposed solution to protect subcontractors from circmustances like those that followed...
by Debra Dorrington | Oct 13, 2014 | General property Law, Subdivisions
Communal land in residential developments is a common and useful way to expand space available to homeowners, giving them the benefits of land ownership without the same burden. It’s commonplace both in rural areas and increasingly in the urban setting where space is...
by AlexanderDorrington | Oct 13, 2014 | Building, General property Law, Subdivisions
The legal set-up of a new subdivision or unit title development should be treated with as much care as the physical design. It’s very easy to leave a mess – one that is difficult and expensive to resolve. The rights, rules and restrictions that a developer puts...