If you’re an admirer or collector of fine timepieces, you’ll probably be aware of the desirability of ‘Complications’ – multiple Complications, & Grand Complications, because these are the ingeniously designed exquisite miniature mechanical nightmares that give rare timepieces such diverse features as moon phases, perpetual calendars, and quarter hour chimes.
But a Grand Complication, or any complication, in a property development project, is generally to be avoided of course – yet they can so easily result. And the starting point of a project is where the worst of the ‘Complications’ can often occur.
Determining the optimum planning and titling structure, particularly if strata-titling is also involved, is a time for assessing whether the simplest arrangement will meet the project’s requirements before moving progressively to more complicated titling structure arrangements. Unfortunately, we sometimes see unnecessarily complicated arrangements – sub-optimal arrangements – that can have many undesirable consequences that add costs and complexity, not only to the initial project setup and sales documentation, but also for the end-user owners for years into the future.
The only way to ensure your project is established with the optimum titling arrangement is to have very experienced property lawyers and related consultants as part of your development advisor team.
Matthew Derrick – Partner,
Norton Rose Fulbright - Property, infrastructure development, land tenure and title issues.
Kim Jordan –
Park Avenue Strata Management – Body Corporate Managers & Strata Title Specialists.