One of the key factors driving titling structures in today’s market is the time frame when a stage registers and the reflective period in the Strata Scheme yearly cycle.
Schemes that are titled under a Building Management Statement (BMS) have capital implications if the schemes are developed over long periods. Products coming on line are required to incorporate the capital implications from the BMS which has direct increases to purchasers outgoing levies.
Considering the time frame for your project and alternate structures such as layered strata title schemes may alleviate these challenges to allow capital to be specific to the sub scheme in which it is registered. The capital would not affect future sub schemes, they in turn would be responsible for their capital specific to their buildings only. The effect is similar to resetting the capital clock!
Our Developer Consulting Team identifies these challenges to your site and assists to develop strategies in the titling structure to suit the proposed delivery of a site over time.
If you have any questions, please phone 07 55042013 or click here to email us