Does P90X work?

Creating a fit life

Menu
  • Home

Day: October 11, 2016

Understanding The Concept Of Strata Titled Property

October 11, 2016
| No Comments
| Legal Services

Strata managers often hype up strata titled property as a better option, but are they really? Strata simply means that one owns a house, a portion in a larger dwelling. On a vertical plane, land is often subdivided into many portions. Strata titled land involves having a title of a portion of that subdivided land. Strata units come in many groups. The land can be subdivided into groups ranging from two per property to a hundred at a time. They are not free standing, since every household shares the walls, ceiling and floors with other dwellers. Examples of strata tied properties are apartments, town houses, or duplex villas. There are many advantages and disadvantages of owning strata titled property.

The biggest advantage is the cost. Compared to the cost of buying a house, the cost of strata titled property is relatively low. This is one of the major attractions of these types of property. The cost reductions do not stop there, though. Unlike wills and estates lawyers seek professional guidance costs are very low. Most of the maintenance cost is covered by strata levies, which are often paid on a quarterly basis. Looking at it from an investment point of view, there is a huge financial incentive when erecting strata housing for rent or sale. The low prices and maintenance cost result in high demand over the years, which in turn translates to high capital growth. It is perhaps because of this that bank lending rates when dealing with strata titled property are very favorable. Getting financing for such a real estate development is very easy, with some banks offering up to a 95 per cent loan to value ratio depending on the nature of the suburb in which the property is to be built.

However, when considering strata titled property, one must also keep in mind the risks involved. To be on the safe side, consider the services of a strata lawyer to make the process smooth. Before getting into an agreement for the property, make sure everything is clearly defined. Have the managers of the property outline the strata levies involved, and what they cater for. In such a living situation, one cannot avoid neighbors. Know the people who live in the same strata titled property, to avoid getting stuck with noisy neighbors. If one person decides to sell their property fast, which mostly happens due to personal problems like divorce, there should be ways through which the rest of the owners remaining are protected from depreciation of their property.

The concept of strata is thought to have started about 50 years ago. Today, there are hundreds of thousands of strata titled property, both domestic and commercial. In the beginning, the closest idea to strata was having shares in a company that owned a building. With these shares, one was guaranteed exclusive use of a residential unit. However, this deal did not give ownership completely, and banks were therefore not keen to lend money on such a deal. Strata titled property became the answer to ownership and bank lending.

Read More »

Posted in Legal Services
October 2016
M T W T F S S
« Sep   Nov »
 12
3456789
10111213141516
17181920212223
24252627282930
31  

Recent Posts

  • LOOKING FOR A PRUNING AND LOPPING OF THE TREES SREVICES
  • Everything To Know About The NDIS Support And Its Benefits
  • Australian-made Valves And Their Eminence
  • Advantages Of Contacting Experts For A Job
  • What Is Cosmetic Dentistry

Archives

  • March 2023
  • November 2022
  • September 2022
  • August 2022
  • July 2022
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • July 2017
  • June 2017
  • May 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016

Categories

  • Accommodation
  • Animals & Pets
  • Auto Services
  • Auto Truck & Vehicle
  • Automobile & Transport
  • Baby Gifts
  • Baby Products
  • Building & Construction Services
  • Business Products & Services
  • Business Services
  • Catering Services
  • Cinematography & Videography
  • Coaches Therapist & Counsellors
  • Commercial & Residential Services
  • Computer Services
  • Construction & Building
  • Creative Arts & Design
  • Designer Clothes
  • Ecommerce
  • Education & Learning
  • Electricians
  • Event Services
  • Fashion: Clothing & Accessories
  • Financial Services
  • Fitness & Sports
  • Food Suppliers
  • Hair & Makeup
  • Health Services
  • Home Improvements
  • Home Maintenance
  • Industrial Services
  • Industrial Services & Equipment
  • Interior & Exterior Developments
  • Kids Entertainment
  • Latest Trends & Styles
  • Legal Services
  • Lighting Products
  • Loans & Debt Collection
  • Marketing Services
  • Medical Services
  • Outdoor Fun
  • Outdoor Renovation
  • Property Investments
  • Property Mangement
  • Removals
  • Signage Services
  • Small Business Services
  • Solar / Energy / Power
  • Spa & Massage
  • Tools & Accessories
  • Training & Skill Development
  • Transportation Services
  • Uncategorized
  • Vehicle Accessories
  • Wedding Services
  • Wine & Drinks

Meta

  • Log in
  • Entries RSS
  • Comments RSS
  • WordPress.org

RSS Does P90X work?

  • LOOKING FOR A PRUNING AND LOPPING OF THE TREES SREVICES
  • Everything To Know About The NDIS Support And Its Benefits
  • Australian-made Valves And Their Eminence
  • Advantages Of Contacting Experts For A Job
  • What Is Cosmetic Dentistry
  • Why CCTV Security Systems Are Vital For Your Commercial?
  • LED Video Screens And Their Leads
  • All You Need To Know About A Racing Simulator
  • Medical Supplies In Health Care Industries
  • What Is A Significant Tissue Back Rub And What Are The Benefits
  • Home

Precious Lite 2015 | All Rights Reserved.