A property developer wants to subdivide a large block into individual apartments for sale. What type of title arrangement would be most appropriate?
Correct Answer
B) Strata title subdivision
Strata title subdivision is most appropriate for apartments as it allows individual ownership of units (lots) while maintaining shared ownership of common areas. This system is specifically designed for multi-unit developments like apartment buildings.
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A property developer wants to create a strata scheme for a new apartment building. What document must be registered to establish individual lot ownership?
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