Hi all,
I am now considering a unit which is for sale and is on the unit title with BC and collective ownership of land. I understand that this type is less attractive comparing to free hold and cross-lease. Is there a standard discount that accounts for this factor?
Let say a similar property on cross lease is 600, then what would be an approximate price for the same unit on the unit title?
If anyone could help?
Or should I stay away from unit title properties? May it be a potential headache?
Thanks
I am now considering a unit which is for sale and is on the unit title with BC and collective ownership of land. I understand that this type is less attractive comparing to free hold and cross-lease. Is there a standard discount that accounts for this factor?
Let say a similar property on cross lease is 600, then what would be an approximate price for the same unit on the unit title?
If anyone could help?
Or should I stay away from unit title properties? May it be a potential headache?
Thanks
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