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I live in a three lot strata situation. I own Lots 1 and 2 which is a freestanding old house (previously divided in half). Lot 3 is also a freestanding house. I wish to combine Lots 1 and 2 back into one lot which requires only the demolition of a bricked up doorway.The owner of Lot 3 has approved this by way of a bylaw although he doesn’t want to subdivide the Strata. Can anyone please advise how best to go about this or has had experience as I have had mixed replies from authorities and surveyors as to what is required
- This topic was modified 1 year, 9 months ago by .
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Why do you want to make lots 1 and 2 one lot? It’s unlikely thst your share of the expenses will change.
If you ever sell your two lots, the seller gets two titles.
Its not unusual for a single property to have two titles. Many older buildings have one title for the living areas, and separate title for the garage.
If you ever want to sell it as two separate properties, you don’t have to go through an expensive and complex process to unwind.
Why combine two Titles in Strata? For one thing, Centrelink considers the second Title an Asset, and that means I am over the Asset limit for the Age Pension!
I have two Titles for my Villa home in Southern Sydney. The second Title is on the Garage. Our Strata Plan covers eleven Villas. My two bedroom Villa is the only property with two Titles.
I am not interested in selling, leasing, or starting a business in my garage.
How do I get rid of the second Title?Chris
See astrata lawyer. Consolidation is not a complicated process in your case.
But it won’t be cheap for You. You will pay surveyor fees, valuation fees, legal fees , filing fees and possibly meeting fees. And then you need the other owners to agree.
Thank you for your suggestion . I will think about it.
- This reply was modified 1 year, 9 months ago by .
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