A plain English explanation of this ACT planning and property term.
A unit title subdivision is the process of subdividing an existing development into separate units, where each unit is issued with an individual unit title while the land remains subject to a single Crown lease. Areas of the land designated as common property remain jointly owned and managed by the unit owners through an owners corporation.
A unit title subdivision means dividing an existing development, such as townhouses, apartments, or a dual occupancy development, into separate units with their own titles. The land remains under one Crown lease, but each unit is given its own title. The development usually needs to be completed and have a Certificate of Occupancy and Use before it can be subdivided into units. Shared areas, such as driveways, gardens, or other common spaces, remain jointly owned and are managed by an owners corporation.