澳洲Australia property Buying/selling "Common Property&
在澳大利亚 ANZ have charged me a govt. mortgage registration fee of $115 for a refinance - borrowing additional funds for construction on a block of land in QLD already mortgaged with ANZ. There were NO mortgage documents to sign with the new loan docs Ok, keen for some perspective on undermount vs drop in kitchen sinks. I know this topic has been discussed before, and in my view undermounts are a far superior result. However, is it worthwhile for an investment property, bearing in mind th
I have a duplex at Agnes Water. I have been thinking about the wasted common property that is there and wondering if it possible to buy/sell part of it.
I know the other owner well and was wondering how would we go about it?
I will attach a picture to show you the layout of the properties.
My thought is this, my unit is the top one, that currently has 352m2.
with common property next to the carport that could be made into another carport?
Her property is only 272m2 and has the long common "walkway" down the side of it.
I was thinking of putting this to her, she could have the long usless bit to add to her property, and I could have the part for the other carport.
Has anyone ever done anything like this before? Who would we need to see to find out if this is possible to have done?
I think it would be advantagious to both of us and a win win situation, if it's possible.
I hope this works!
Looks like a good plan with a win/win outcome.
I recently made enquiries with my solicitor re establishing an easement for a common power pole. Similar process but in reverse.
Basically you need to get the property surveyed with the new format as agreed by both of you.
Then the solicitor(s) need to organise to change the titles and register the new title.
This will also involve both banks who hold the mortgages as they somehow have to release the titles to get new titles.
In our case at this point my eyes glazed over as he was talking of cost over $1500 (survey and solicitor costs only) not including the bank fees and any ancillary cost. This is just to save a $1k for an extra power pole on our side so no pay back apart from the cosmetics.
In your case I would think that the expenses are negligible compared to the results achieved.
Seems that the the neighbour will end up with more land which should sweeten the deal as I feel that you will gain more in utilization.