If you are considering purchasing an apartment or a unit which is built on the same piece of land as other units, then it is probable that the title to the property will be a “unit title”. This article explains what a unit title is and issues to be aware of when purchasing a unit title.

 

What is a Unit Title Property?

Buying a unit title property is different from buying a freehold title property. A unit title is generally used for apartments or other groups of multi-unit properties on one piece of land where there are shared facilities. These shared facilities are known as “common property”. The common property could be as simple as a driveway or as extensive as gym facilities, lifts and swimming pools.

Ownership

As an owner you will own a defined part of a building (e.g. an apartment or unit) and will have shared ownership of the common property. In addition to your right to “quietly enjoy” your property without interruption from other unit owners, you have a number of obligations including:

  • Permitting the body corporate to enter the unit to view its condition, repair the common property and ensure the operational rules are being complied with;
  • Repairing and maintaining the unit and keeping it in good order.

What is a Unit Title Property?

Buying a unit title property is different from buying a freehold title property. A unit title is generally used for apartments or other groups of multi-unit properties on one piece of land where there are shared facilities. These shared facilities are known as “common property”. The common property could be as simple as a driveway or as extensive as gym facilities, lifts and swimming pools.



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Further information