Full-title Ownership Flashcards
1
Q
What is full-title ownership?
A
- person who buts the property become the legal owner of the entire property
- all the land and structures on it
2
Q
What is the owner responsible for in full-title ownership?
A
- all rates
- services (water, sewerage, refuse removal, electricity)
- maintenance
3
Q
What are some examples of full-title ownership?
A
- residential houses
- cluster housing with private gardens
- smallholdings
- farms
4
Q
What is a cluster house?
A
- freestanding property in a development
- individually owned
- no levy is paid
