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| NEWS // Community title |
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Retirees and other investors and home buyers are taking an increasing interest in properties with shared facilities such as swimming pools, tennis courts and other recreation
or communal facilities. Sometimes these properties are offered as community (rather than torrens or strata) title.
Buyers may be interested to know how community title is different. Torrens Title provides ownership of both land and dwelling. Strata Title provides ownership of one particular unit or dwelling plus a shared ownership in the land. Community Title is a kind of hybrid of Torrens and Strate titles.
It provides personal ownership of dwelling/house and land (like Torrens Title). Additionally though it provides
a shared ownership in any communal facilities on the site (eg. pool, tennis court or other facilities).
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Bermagui Real Estate

   
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