Categories for Reversionary interest

Open Letter to Listing Agents- Tips for a Smooth Sailing contract.

16/3/2023
Written by

WITHOUT PREJUIDICE;To whom it may concern ON THE PATH TO EXCELLENCE; This is an open letter to EVERY SINGLE LISTING REAL ESTATE AGENT to PLEASE just get a Building &/Timber Inspections completed at the time of listing a property, so then a Buyer can be provided said reports BEFORE putting in an offer so they are fully aware of what they are buying and then ZERO contracts would be conditional upon having those weird Inspectors from other states where the...

New type of Title, what is a Leasehold scheme, Title, and Reversionary interest

27/5/2020
Written by

The introduction of the new Strata Title Act Amendment has led to the creation of Leasehold Schemes and Titles in WA. A leasehold scheme includes a subdivided underlying title with a reversionary interest and leasehold strata titles. A Leasehold Title is a portion of the subdivided land that acts the same as a freehold parcel for the duration of the leasehold scheme (20-99 years). Reversionary interest relates to the right of the owner of the underlying title. It allows them...