All Topics / Help Needed! / A subdivided flat

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  • Profile photo of miikemiike
    Participant
    @miike
    Join Date: 2008
    Post Count: 111
    April 4, 2008 - 12:54 am

    Hi Guys,

    Generally I have found flats to be strata titled. Recently I have found a nice property (a flat) that has been subdivided.

    I find this quite odd.

    Has anyone had any experience with the difference between the property ownership types (i.e subdivided vs strata). Is there anything that I should be looking out for?

    Also with flats (subdivisions and strata) what is the general practice if there is building issue, i.e the building needs to come down/redeveloped due to old age….non-heritage.

    I am quite new to this, so any help is very much appreciated.

    Cheers,
    Michael

    Profile photo of miikemiike
    Participant
    @miike
    Join Date: 2008
    Post Count: 111
    April 4, 2008 - 12:56 am

    Forgot to mention:

    Body Corporate – 250 per quarter
    Cody Corp Funds – 16k
    Insured for 2.2 Million, with 9 flats, all equal rights.

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

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