Company titles
A company is registered on the certificate of title as the sole owner of the land where the units are built. Owners are issued with a share certificate in the company. Each unit owner has the exclusive right to occupy their unit and have the right to use common areas. When a unit is sold, the share certificate is transferred to the buyer.
Moiety titles
Moiety title are sometimes referred to as a cross lease. The owner of a unit is registered shareholder of the land. The owner leases the right to occupy their unit, along with the right to use common areas.
Converting titles
Most titles can be converted into either:
Consider hiring a professional surveyor and conveyancer or solicitor when converting a title as is a complex transfer.
