Just Conveyancing (under the umbrella of Hones Lawyers) have been specialising in Company Title sales and purchases since 1992. With 30+ years’ experience (including acting for companies who wish to update their Memorandum and Articles of Association or Constitution) we have the experience and know-how to make your transaction simple and straight forward.
Company Title is just one of many forms of property ownership in existence. Other more well-known forms include Torrens Title and Strata Title. Company Title is the ownership of property through a corporate entity (or “Company”).
A Company Title property is, in many ways, similar to a Strata Title property. The main difference is that you own “shares” in the Company which entitle you to exclusive rights in the home unit/townhouse rather than ownership via a conventional Certificate of Title.
As the owner of the shares, you are able to transfer the shares when you sell the property occupancy rights. Furthermore, you can mortgage your shares with most Banks and Building Societies, however, you should note that our experience has shown that most lending authorities limit the Loan to Valuation Ratio (LVR). There are sometimes restrictions with what you can and cannot do in your Company Title property (ie obtaining approval to purchases, leasing or animal ownership) and we will discuss these restrictions with you (if any) prior to exchange of Contracts.
If you would like more information on company title sales and purchases, contact our friendly team at Just Conveyancing Sydney today on 02 8318 0778.