UNIT TITLES Clause Samples
The "Unit Titles" clause defines how individual units within a larger property development, such as an apartment or office complex, are identified and managed as separate legal entities. It typically outlines the boundaries of each unit, the rights and responsibilities of unit owners, and the common property shared among them. For example, it may specify how ownership of a unit includes access to shared facilities like hallways or parking areas. This clause is essential for clarifying ownership structure and ensuring that both individual and collective interests are protected within multi-unit developments.
UNIT TITLES. If the property is a unit, the Buyer shall take title from the Seller subject to the provisions of the Unit Titles Act and the Real Property (Unit Titles) Act, and the following provisions of this clause 27 shall apply. Unless and until: separate assessments of rates and taxes are issued in respect of the property by the relevant authorities, all necessary adjustments between the parties shall be made on the basis that the property shall be liable to that proportion of any such rates, taxes and outgoings levied or assessed against the parcel or building lot (as defined by the Unit Titles Act) as a whole, which the unit entitlement of the property bears to the total entitlement of all lots comprised in the units plan; and contributions under Section 36 of the Unit Titles Act are fixed, outgoings paid by the Seller which would properly be the subject of such contribution when fixed, shall be adjusted between the parties on the same basis as provided in paragraph (a) of this clause, and where the property forms part of a building lot or a lot within an estate development and no contributions have been fixed under section 36 of the Unit Titles Act by the building lot or estate management corporation and outgoings are paid by the Seller that would properly be the subject of levy paid by the Body Corporate, those outgoings shall be adjusted between the parties on the same basis as provided in paragraph (a) of this clause, both in the calculation of the Body Corporate’s contribution to the estate management or building lot corporation, and the property owner’s contribution to the Body Corporate, and for the purpose of this clause, “outgoings” includes periodic contributions to the Body Corporate pursuant to Section 36 of the Unit Titles Act and fixed at the Body Corporate’s annual general meeting, but does not include any special levy raised by the Body Corporate for a specific liability and which is not related to anticipated expenditure over a specified period; The Buyer shall not make any objection, requisition or claim for compensation in respect of any minor variations as regards the property inspected by the Buyer and the property as depicted in the units plan as registered. The Buyer shall take title subject to the articles and (where the property is part of an estate or building development) by-laws of the Body Corporate or Bodies Corporate as the case may be. The Buyer shall take title subject to water sewerage drainage gas electricity or other installat...
UNIT TITLES. 27.1 If the property is a unit, the Buyer shall take title from the Seller subject to the provisions of the Unit Titles Act and the Real Property (Unit Titles) Act, and the following provisions of this clause 27 shall apply.
UNIT TITLES. ADLS 18263 This clause applies if the land is or includes a stratum estate under the Unit Titles Act 2010 ("the UTA"). Any term within this clause 11 which is defined in the UTA has the meaning set out in that Act.
UNIT TITLES. 6 Information for unit owners... 8