Sep 30 2020, 09:31 PM
QUOTE(Zavia/GenX @ Sep 30 2020, 06:21 PM)
I'm looking at purchasing a property whos developer has made available the strata title to all purchasers.
The problem is the current owner has NOT converted from master to strata title.
1) Is it possible to purchase the property and have the developer directly issue the strata title to the new owner(me?)
1.1) I hear it takes 3 months to do the strata title?
2) Assuming I want to do the purchase asap and the above (1) is not possible, is it significantly more expensive to do a DOA then a MOT?
Thanks sifus!
1. Depends on developer ... some allow and others dont. Actually is illegal to do a transfer and bypass the 1st purchaser.The problem is the current owner has NOT converted from master to strata title.
1) Is it possible to purchase the property and have the developer directly issue the strata title to the new owner(me?)
1.1) I hear it takes 3 months to do the strata title?
2) Assuming I want to do the purchase asap and the above (1) is not possible, is it significantly more expensive to do a DOA then a MOT?
Thanks sifus!
2. Once a strata title is ready for perfection, you cant do DOA as there is no more master title. Is either a direct or double transfer.
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