Can anyone advise me of the legal/financial implications or pitfalls of purchasing a property that sits on a shared title? (i.e. two seperate houses, being sold seperately, but sharing one block of land with one title.)
You can't have 2 sold houses on 1 title.. doesn't make sense…
Do u mean by strata title?Yes i would be interested to hear what netorius actually means.
Richard Taylor | Australia's leading private lender
Sorry, I should have been more specific, it is a strata title. I guess its similar to a mini townhouse development except in this case there are only two houses and they are self-managed by the two seperate owners.
what is the pitfall then…?? strata title is very common…
you can have 2 properties on 1 land with strata title
or 10000 apartments on 1 land
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