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If you're buying or selling a property, you'll need to satisfy a range of legal requirements in order to transfer its ownership from one person or entity to another. This work and all the...
Company title is a form of land ownership (typically for apartments) where a company holds the title to the land and owns the units on the property.
Company title is a form of land ownership (typically for apartments) where a company holds the title to the land and owns the units on the property. Shareholders, holding shares in the company, enjoy exclusive use and occupation of their individual units as outlined in the company's constitution. It's important to note that while shareholders have exclusive occupation rights, they are not direct owners of the land itself.
The distinction between company title and strata title lies in the ownership structure and legal rights. With strata title, individuals own a portion of the property and receive a certificate of title for their specific unit. In contrast, company title involves a company owning the entire property, and individuals hold shares in the company, entitling them to exclusive use of a specific unit without a separate title. They are issued a share certificate rather than a certificate of title .While strata title provides direct ownership, company title offers occupancy rights through shareholding.
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