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What is a community title Qld?

A community title scheme is similar to a strata scheme in that when you buy a lot, you own that lot and share ownership and responsibility for common areas on the property. This is different to a company title, whereby you effectively purchase shares in a company which in turn allows you the right to occupy the unit.

What is the difference between community title and strata title South Australia?

Strata titles can apply to properties like apartments, units, townhouses, commercial offices, factory units, retirement villages and even caravan parks. Community titles can apply to properties that have at least two lots and that share a common area, such as a driveway.

What is Torrens title NSW?

Torrens title means you are the sole owner of the property Torrens refers to a land title system, where the owner of the property owns the land and the building on it. With a Torrens title, you secure your land through registration of title (an alternate system to deed titles).

What does community title mean in Qld?

A community titles scheme is scheme land and the single community management statement registered with Titles Queensland identifying that scheme land. A community titles scheme comprises: at least 2 lots. common property. a single body corporate.

What is a community title NSW?

In most states in Australia, including NSW, a community title will refer to a property with a minimum of two lots with common shared areas such as gardens, recreational land or driveways. It is generally used for larger estates with many residential lots, including retail and/or commercial outlets.

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What does community title mean in South Australia?

When land is divided into at least two lots and an area of common property it is considered a community plan. Common property is the shared land such as driveways. A community title is issued for each lot and the common property. There are two types of community titles community strata and community scheme.

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