All Topics / Help Needed! / Commercial Property Settlement

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  • Profile photo of jxuerebjxuereb
    Member
    @jxuereb
    Join Date: 2004
    Post Count: 15
    October 7, 2007 - 10:07 am

    Hey guys,

    Was speaking to my dad about investing in commercial property.

    I have a couple of questions in regards to settlement:

    1) Does the title have to be ready in order for settlement to occur (This is a one title block that is being sub divided into smaller lots)?
    2) If purchasing a commercial property that isn't finished can the developer apply for the title before 100% completion?

    Cheers
    Jason

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    October 8, 2007 - 9:13 am

    1) Yes,
    2) The developer could sub divide the land first and then have title, with the construction still to be completed.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 2 posts - 1 through 2 (of 2 total)

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