Blog - Pearson Chambers Conveyancing

A staged subdivision means the plan of subdivision you're buying into is being registered in parts, not all at once. Under section 37 of the Subdivision Act 1988, later stages can create more lots, change common property and adjust lot entitlements or lot liabili... Read More

An owners corporation only exists in Victoria when a registered plan of subdivision creates common property, or in some cases shared services, under the Subdivision Act 1988 and Owners Corporations Act 2006. If your unit, duplex or townhouse has no owners corpora... Read More

A student apartment in Melbourne is usually cheap because the title or planning approvals limit who can live there, often to enrolled students. The restriction may appear in a planning permit condition, a Section 173 agreement under the Planning and Environment A... Read More

A Memorandum of Common Provisions (MCP) is a separate document registered with Land Use Victoria under section 91A of the Transfer of Land Act 1958. It lets a title, plan of subdivision, mortgage or other land instrument adopt shared rules by reference number, of... Read More

We get asked this most by first home buyers who have just had an offer accepted, then receive a nervous call from their broker after the bank’s valuer has inspected the property. They thought the ‘subject to finance’ line in the contract covered... Read More