Creating several lots from one or more existing properties (or Creates strata ownership Different kind of (a defined space) – Historic co-op’s, own the land but not a subdivided land registered at the land title (subdivision by shared interest) Purpose Create economical housing situation Unrealistic to not be able to pieces up Allows people with less cash to have land interests Smaller title, allows bank more confidence (securities are easy to recoup) Land Development Increased generation of income. More value from more titles, more value – from overall landbase. More Flexible ownership paradigms. Includes airspace titles (land on top of residential base units), creates multiple titles. Co-Op housing Strata Ownership (prevents joint title ownership which can be hampered by the inability to maneuver it individually rather than as part of a single title) Normal Subdivision Taking one title and splitting it into two. Bareland Strata Create a strata plan, leads to property 1 / strata plan 1 Property 2 / strata plan 1 Strata plan 1 (title for common property as well) May be preferable to building houses as road/pipes etc are common property of the strata and need to be maintained by strata fees. Marketability is different based on strata v house Building Strata Duplex or 2 unit building separate titles along with a common title (shared utilities) – Can choose between separate lots or single lots In the event easements or covenants are not applicable, turning it into a strata development allows you to subdivide where you couldn’t before Co-Operative Corporation Give the land title to a corporation, issue shares, put property on share certificate and transfer the ownership in this fashion Creates a kind of strata without legislation Or giving 200-300 year pre-paid leases. Entire goal is to create a separate property interest that would allow independent management. Fractional Interest Can try to split a land title into pieces via easements and restrictive covenants on a single title
Creating several lots from one or more existing properties (or Creates strata ownership – Different kind of (a defined space) Historic co-op’s, own the land but not a subdivided land registered at the land title (subdivision by shared interest) Purpose Create economical housing situation Unrealistic to not be able to pieces up Allows people with less cash to have land interests Smaller title, allows bank more confidence (securities are easy to recoup) Land Development – Increased generation of income. More value from more titles, more value from overall landbase. More Flexible ownership paradigms. Includes airspace titles (land on top of residential base units), creates multiple titles. Co-Op housing Strata Ownership (prevents joint title ownership which can be hampered by the inability to maneuver it individually rather than as part of a single title) Normal Subdivision Taking one title and splitting it into two. Bareland Strata Create a strata plan, leads to property 1 / strata plan 1 Property 2 / strata plan 1 Strata plan 1 (title for common property as well) May be preferable to building houses as road/pipes etc are common property of the strata and need to be maintained by strata fees. Marketability is different based on strata v house Building Strata Duplex or 2 unit building – separate titles along with a common title (shared utilities) Can choose between separate lots or single lots In the event easements or covenants are not applicable, turning it into a strata development allows you to subdivide where you couldn’t before Co-Operative Corporation Give the land title to a corporation, issue shares, put property on share certificate and transfer the ownership in this fashion Creates a kind of strata without legislation Or giving 200-300 year pre-paid leases. Entire goal is to create a separate property interest that would allow independent management. Fractional Interest Can try to split a land title into pieces via easements and restrictive covenants on a single title
Real-Estate-Master-Key.docx