Subdivisions

Do you have a country or city property that is being subdivided? Alpha Conveyancing can help you.

A surveyor prepares the Strata, Survey Strata or Deposited plan and when it reaches approvals at the authorities, a settlement agent is appointed to complete an Application for New titles. If the title is encumbered with a mortgage, the settlement agent assists in obtaining written consent from the clients bank for the subdivision. New titles can have priority issue if the conveyance lodges Loc Sync with the surveyor at Landgate.

Additional matters to consider on subdivision. If the original title is in the one name and is being subdivided into three lots i.e. mother, daughter and son. Stamp duty is payable on the transfers to the son and daughter. Timing of the transfer to the son and daughter when the land is at its lowest value would save on stamp duty $.

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    Settlements

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