All Topics / General Property / Purple Title

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  • Profile photo of RussHRussH
    Member
    @russh
    Join Date: 2004
    Post Count: 342
    April 4, 2004 - 1:46 am

    Can someone please tell me what a Purple Title is.Thanks.
    Russ.

    So many +CF properties in Western Australia.Let me help you. And we can achieve a win win situation.Russ.0438 659 411

    Profile photo of Robertus007Robertus007
    Member
    @robertus007
    Join Date: 2004
    Post Count: 4
    April 4, 2004 - 2:27 am

    [drummer]

    Hi all,
    This is my first post and I would like to say that I like what I am reading and their is a lot of good information on here for a beginner like me. Keep up those good posts every one.

    Regards

    Profile photo of AceyduceyAceyducey
    Participant
    @aceyducey
    Join Date: 2003
    Post Count: 651
    April 4, 2004 - 3:57 am

    Purple Title – Tenants in Common –
    The land is held as Tenants in Common, the shares being in the same number as the units. Separate Title may be issued for each unit. Because of the “unity of possession” the land cannot be divided or partitioned. The sketch and lot number is for the whole of the land in the plan or diagram.

    The Certificate of Title states the number of undivided shares contained and the sketch of the land used to be shaded purple – thus “purple title”.

    See: http://www.reiwa.com/content-glossary-words.cfm?&letter=P

    Time taken to find using Google: 3 seconds

    Cheers,

    Aceyducey

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