Question: We are an acreage body corporate. If all 7 lot owners agreed, could we terminate our scheme and become individual freehold lots with easements or such to share the road maintenance etc?
We are an acreage body corporate comprising 7 lot owners. The common property comprises 2 access roads to individual properties, 2 automatic gates and 2 intercoms. If all 7 lot owners agreed, could we terminate our scheme and become individual freehold lots with easements or such to share the road maintenance etc?
Answer: Yes, this is possible provided you are also able to obtain the necessary council consents and reach agreement with the owners for all remaining termination issues.
Todd Garsden Mahoneys E: tgarsden@mahoneys.com.au P: 07 3007 3753