VIC Creating title for sudivision of a lot

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emily983

Member
7 August 2019
3
0
1
Hello,

I have an investment property as common in tenants and I am going to subdivide the land in 3 lots and build 3 new townhouses. I would need to create a title for each lot. Please let me know when I should create those title before starting construction or once construction is completed.

Thanks in advance,
Emily
 

Rod

Lawyer
LawConnect (LawTap) Verified
27 May 2014
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www.hutchinsonlegal.com.au
You should be using your lawyer for questions like this.

And it is not wise undertaking such a development without legal advice unless it doesn't matter to you financially and you can weather the losses that can be incurred when things go bad.

Developments are not a sure fire way to make money. Many developers have gone broke for one reason or another.
 

emily983

Member
7 August 2019
3
0
1
Could you please let me know if it is compulsory to subdivide the land if I am building 3 townhouses in the same lot. Is it possible to build 3 houses in the same lot and not subdivide the land.
Thank you in advance, Emily