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AN EMERGING MARKET 9 August 2013

AN EMERGING MARKET 9 August 2013. STRATA SUBDIVISION A SURVEYORS PERSPECTIVE CRAIG TERRY Registered Land Surveyor. What is Strata Subdivision?

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AN EMERGING MARKET 9 August 2013

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  1. AN EMERGING MARKET9August 2013

    STRATA SUBDIVISION A SURVEYORS PERSPECTIVE CRAIG TERRY Registered Land Surveyor STRATA SUBDIVISION A SURVEYORS PERSPECTIVE
  2. What is Strata Subdivision? Strata subdivision is the creation of individual ownership rights in a Real Property Act title. In Tasmania this is achieved under the Strata Titles Act 1998.
  3. Why Strata Subdivision? It creates multiple titles facilitating ownership It is a cost efficient way to create affordable housing It adds value and creates alternative financing options
  4. Why uses a surveyor? Expert professional advise Strata Titles Act 1998 Planning scheme requirements Local Council approval process Land Titles Office procedures Expert technical ability A Strata subdivision plan must be certified by a registered surveyor - Section (5)(4) of the Act
  5. Who uses a land surveyor? Property owners Property developers Banks and financiers Real estate agents Vendors and purchasers
  6. Where is strata subdivision used? Residential properties that contain multiple dwellings. Commercial properties that allow separable commercial uses. Rural properties that have separable approved dwellings. Staged Strata Development Schemes under part 3 of the Act provide an opportunity to create separate titles based on an approved development.
  7. Urban residential strata subdivisionA case study
  8. Staged Development SchemesA case study
  9. Commercial Strata DevelopmentA hypothetical exercise
  10. What skills must your Surveyor have? Experience, experienceand more experience
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