Hi all
I'm just wondering the difference in perception about Unit Title vs Cross Lease Units, especially from the $$$ point of view.
Say same block of units, would there be a difference in value $ say Unit Title vs Cross Lease Units?
Advantage of unit title is having a body corp that keeps the block looking consistent and maintained in the same standard.
Cross lease would not have an annual fee, but runs the risk of having different maintenance standards, and the block can look really strange with well maintained properties, and bad ones.
I think Olly Newland mentioned there is price difference on a recent seminar.
I'm just wondering the difference in perception about Unit Title vs Cross Lease Units, especially from the $$$ point of view.
Say same block of units, would there be a difference in value $ say Unit Title vs Cross Lease Units?
Advantage of unit title is having a body corp that keeps the block looking consistent and maintained in the same standard.
Cross lease would not have an annual fee, but runs the risk of having different maintenance standards, and the block can look really strange with well maintained properties, and bad ones.
I think Olly Newland mentioned there is price difference on a recent seminar.
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