Unit Title Plans
This type of development has the need for a Body Corporate and as such has ongoing costs and legal requirements to satisfy the relevant legislation set out in the Unit Titles Act. If we can avoid this type of tenure we will, however in some circumstances they are the best bet so we embrace them in these situations.
Unit Title Plans or UTPs (yes, we love acronyms) are usually used to show multiple units on one site, sometimes over several floors, such as apartments – especially where there are shared areas such as gardens, parking, common greens, hallways etc,. These Subdivisions are done under the Unit Titles Act (this is a bit of a can of worms if you don’t know your way round it). We do, and love them.