I know what green title is, strata title etc. But what on earth is purple title?
TIA
WayneNever mind, Google found it!
FYI:
Purple title refers to ownership of an
undivided share in a property. The term
similarly refers to the colour of the
sketch on the title, which used to be
shaded purple.
Although not a common form of
title, some retirement villages or multi
storey flats (for example) offer residents
an undivided share in the complex. The
right to occupy certain areas in the
complex is determined by the contract
with each resident.Thanks for the Info Wayne [biggrin]
Gotta LOVE ‘google’ huh
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