Chapter 4 - Subdivisions Of Land And Title Registration Flashcards
When the approving authority is deciding on a subdivision, what must be considered
If the subdivision is in the public’s interest
Define “ a table included in the strata plan that sets out each owners proportionate interest in the common property”
Schedule of Unit entitlement
To create a strata development what must a developer do?
Subdivide a building or land into strata lots together with common property by depositing a “strata plan” at the land title office
The torrens system stating the guarantee that the registered title of an innocent purchaser cannot be set aside even by the claim of a previous rightful owner who list their interested due to fraud is known as?
Indefeasibility principle
What is the note placed on a certificate f title by a person claiming an estate or interest in the land that prevents all dealings called
A Caveat
How long is a caveat valid
2 months