shadow s

Personal Solutions
Buy a property
Buy my first home
Sell my home and buy another
Buy an investment property
Build my dream home
I am an overseas buyer
Buy 'off-the-plan
Property title information »
Home loan products
Vehicle leasing
Getting started
Home > Personal Solutions > Buy a property > Property Title Information

Property Title Information

Being Informed
A title is evidence of ownership of land and contains the details about the property in order to identify it. Common property ownership falls under:
  • Torrens Title system where a Certificate of Title exists for every separate piece of land. It contains a reference that consists of a volume and folio number, ownership details, easements and/or rights of way affecting the land and any encumbrances (e.g. mortgages, caveats, leases and other interests in the land). The Torrens System of land registration was introduced in 1862.
  • Strata Title for units/multi dwellings, where the building or land is divided into allotments and common areas by a strata plan referred to as a strata title.
  • Company Title for units/multi dwellings where owners are shareholders in a private company. This is an older form of title which allows owners exclusive use of their dwelling in a multi-dwelling complex. The rights of shareholders are governed by a Memorandum of Articles and Association which frequently dictate terms to which shareholders must comply, such as whether leasing is allowed or not. The sale or transfer of your shareholding generally requires the approval of the majority shareholders.
  • General Law Land/Old System
    Is the land granted by the Crown between 1838 and 1862 that has not since been brought under the operation of the Transfer of Land Act 1958. There are still some properties under this title. The title to this land is not guaranteed. The General Law title comprises of a series of deeds showing ownership and encumbrances. The chain of Deeds must be produced when General Law land is dealt with. Properties still under Old System are converted to Torrens Title system when a sale/transfer occurs.
Easy ways to find answers
Contact us T: 02 9972 4452
F: 02 9972 4605

or choose from the options below:
facebook Keep in touch on Facebook
apply online Apply online
Make an appointment Make an appointment
Email us Email us
We'll call you back We'll call YOU back!

aHomebuyers' Resources
aaReports & Checklists
aaLoan Jargon

mfaa logo  
Property Finance Professionals
PO Box 439 Gladesville NSW 1675
Tel: 02 9972 4452 Fax: 02 9972 4605
ABN 77 107 510 574 ASIC Credit License 388317
BF Ventures Pty Ltd T/as Property Finance Professionals
shadow aHome | Contact | Terms of Use | Privacy Policy © 2012
This site does not provide financial advice