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"Residue for Future Flat" on title

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  • "Residue for Future Flat" on title

    If the legal description of the title is, eg. "RESIDUE FOR FUTURE FLAT ON LOT xx DP xxxx-HAVING 1/2 INT IN 1282 SQ METRES", what does it mean?

    In this context, the property is one of two on a cross-lease. Does the legal description mean it has been earmarked for subdivision?
    DFTBA

  • #2
    Umm we need a property lawyer aye. Ivan where are you?

    cheers,

    Donna
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    • #3
      possibly means

      after the cross-leasing there was land left for a granny? flat?
      have you defeated them?
      your demons

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