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Unit titles & cross leases

What is a unit title?

Unit titles are a form of subdivision providing separate ownership of a dwelling governed by the Unit Titles Act. These titles are the way in which we provide individual titles to apartments, townhouses, unit or offices within high-density developments. Although owners legally own a part of the building such as an apartment there is a body corporate that looks after the commonly shared areas, entranceways, gardens and lobbies etc.

What is a cross lease?

A cross lease property is when one or more people own an undivided share in a piece of land. This land is generally built on with townhouses or flats and then leased to other land-owners.

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