Hey guys,
I just have a general question in regards to subdividing. If you were to buy a property and subdivide so you could built units/townhouses at the back, would it just be one subdivision or do you subdivide for every unit that goes in? Or is this known as a strata? Also If you were to do this and sell it all off. Who is in charge of the driveway, garden etc?
Also, would you usually have a fence between the existing property and the new units, or does the house just normally back straight onto the units and they all share a common courtyard area? I understand every block is different but is there a standard way of doing things?Normally you would sub-divide the land into 2, and then the back block would be strata titled if you want multiple dwellings there. The driveway etc would be common property and the strata complex or you might have an easement to allow use of the land if it belongs to the first block.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Hey thanks for the reply. If all properties were sold off though, who is the in charge of common ares? Is one particular dwelling made responsible through a contract of some sort? I assume you cant still be liable to maintain common areas if you’ve sold off everything.
The proposed new body corporate would be responsible for the common areas assuming the units are strata titled.
Richard Taylor | Australia's leading private lender
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