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根本区别在于land title
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Torrens Title
The most common type of ownership is 'Torrens Title'. This usually applies to a standard residential suburban house with its own yard. Some townhouse or courtyard blocks also have Torrens Title. As long as any repayments on mortgages are kept up to date and there are no government or council plans to resume the land, Torrens Title ownership offers the most permanency.
As a Torrens Title owner you are responsible for the cost of all rates, services, maintenance and improvements to the property. Subject to regulations, you can also alter the building or property. You might also have to meet the terms of any building 'covenants' you have signed. These are agreements with developers that have terms and conditions about alterations.
Strata Title
If you don't want to live in a house with a yard, you might consider a Strata Title property. Strata Title properties can be:
block of units, flats or apartments
high rise, townhouse, or duplex, and so on
residential, commercial or retail
mixed use - for example, retail/residential or commercial/residential
resorts
serviced apartments
caravan parks
Each state and territory has laws about properties that are part of group housing. Under a Strata Title, the land and buildings are subdivided into 'lots' and 'common' property. The lots are the units (dwellings) and other areas - for example, laundries, car spaces, garages and marinas - that belong to individual owners.
All lots are allocated a 'unit entitlement'. These are shown on the strata plan. The plan is approved by the local council and registered at the land titles office. 'Certificates of Title' are then issued for each lot by the land titles office. The land titles office also issues Certificates of Title for the 'common' property. This is for property that belongs to all the owners, collectively - for example, stairways, foyers, gym, swimming pool, tennis court, meeting room, golf course, and so on.
Before moving into Strata Title group housing, consider:
whether there are common walls and a noise problem
you have enough privacy
if pets are allowed
the amount of body corporate levy to pay |
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