Block Out Company Title For Free

Company Title Instead of directly owning the land, individual owners are issued with a share certificate of the company. These types of titles were used for groups of units prior to 1967. While they are now quite uncommon in South Australia there are still some that exist.

Company title is where several people (as a company) own a piece of property together, like shareholders. The shareholders do not actually own the property but have acquired the right to occupy it ing to their portion of shares in the company.

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.

Stamp duty legislation provides for standard stamp duty rates on the stamping of Company Title shares so that stamp duty is paid as if the unit is held under Strata Title (i.e., between 3% and 5% of the purchase price).

Company title is a term used to describe a conventional title held by a company whose shareholders occupy the building(s) in ance with articles of the company. The company may find it desirable to create a strata scheme over such a title. In order to do this the following steps must be undertaken.

In statistics, a stratum (plural strata) refers to a subset (part) of the population (entire collection of items under consideration) which is being sampled. Stratification thus consists of dividing the population into strata within each of which an independent sample can be chosen.

Under stratum title, the property is subdivided into lots. Each unit owner is the registered proprietor of their lot and also holds shares in a service company established under the Corporations Act 2001. The service company owns and manages common property. Enquiries about service companies should be directed to ASIC.

Strata title is a system for owning units and townhouses, which generally have a combination of private residences as well as communal spaces. When you buy into a strata plan you buy a ?lot?, which may include the main unit area and possibly a balcony, garage or even storage area.

Company title is a form of ownership that pre-dates strata title, which was introduced in the 1960's. Company title entails that a company owns the building of units and land it occupies.Strata Title is governed by legislation called the Strata Schemes Management Act.

Company title interest . , in relation to land, means a right of occupancy of the land, or of a building or part of a building erected on the land, arising by virtue of the holding of shares, or by virtue of a contract to purchase shares, in a company that owns the land or building.