There are a lot of rules and regulation when it comes to real estate business. Be it constructing a new building or renovating or sub divisioning, there are different rules for various construction and for a commoner, it will be very confusing to understand the difference. To top it, different regions have differential laws which can give rise to a great deal of fuss. There is a thin line of difference between company title in NSW and strata title.
There are different titles addressing different establishments and the best way to understand the legalities is to talk with the local builder or solicitor which can rightly tell you the difference. To state about the strata title, it is defined as owning only a part of the building which is divided into many layers like garage, storeys, town halls etc. where the main building remains intact yet there are divisions inside. This can be done in both commercial and residential properties without any hindrance.
These both are confused at a certain time as the dissimilarity is quite thin. In the strata title, a clear demarcation is made in the building for transparency. The shared owners enjoy their share of freedom without investing a lot. The owners take the first hand in deciding crucial decision and this policy have always come out to be beneficial for all.
The company title in NSW is more evident in older and bigger villas and condos. In this process, a portion is sold to a new owner and he becomes the sole proprietor of the place. This has proved beneficial in terms of profit to the investors. Hence, you can see the difference might not be huge but distinguishable enough to create a difference.
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