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NSW 99-Year Lease or a Title - Which is Cheaper to Execute?

Discussion in 'Property Law Forum' started by AHT, 28 June 2016.

  1. AHT

    AHT Member

    28 June 2016
    Likes Received:
    I own an apartment where the balcony is not on the title. It was built on a common property by a builder without a permit.

    I am in the process to get council + surveyor approval to have this balcony "legalised". Also, I have approval form all owners of the apartments in the building and body corporate to include this balcony on my title or have 99-year lease.

    My question is which option is better and cheaper to execute, taking to account I will seal the apartment in the near future when all is finalised?
  2. Rod

    Rod Well-Known Member

    27 May 2014
    Likes Received:
    Better - Title change

    Cheaper - 99 year lease.

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