inchbyinch
Registered User
- Messages
- 43
Hi All,
I own an apartment in an 2 block 16 unit development since 2006 (leasehold). The original management company was set up to cover the freehold title of lands and common areas, however the title of same was never transferred over to the owners of the individual apartments. The developer remained in ownership.
Subsequently, the company was dissolved in 2008. In order to insure the building the owners of the block of 8 that my apartment is in have formed a residents group. We maintain the building/landscape and obtain insurance on our own block. The owners of the other block all obtain individual insurance for each apartment.
We (my block of 8) are now at the initial stages of trying to obtain the title of the freehold as we don't want to re-instate the Man Company as it is not ours to re-instate.
Any thoughts?
is it possible to claim squatters rights?
does the company's claim on the land immediately dissolve once dissolved in the eyes of the CRO?
All help much obligied!
Rgds,
Ed
I own an apartment in an 2 block 16 unit development since 2006 (leasehold). The original management company was set up to cover the freehold title of lands and common areas, however the title of same was never transferred over to the owners of the individual apartments. The developer remained in ownership.
Subsequently, the company was dissolved in 2008. In order to insure the building the owners of the block of 8 that my apartment is in have formed a residents group. We maintain the building/landscape and obtain insurance on our own block. The owners of the other block all obtain individual insurance for each apartment.
We (my block of 8) are now at the initial stages of trying to obtain the title of the freehold as we don't want to re-instate the Man Company as it is not ours to re-instate.
Any thoughts?
is it possible to claim squatters rights?
does the company's claim on the land immediately dissolve once dissolved in the eyes of the CRO?
All help much obligied!
Rgds,
Ed