The days of a property developer approaching individual owners to purchase their properties is fast becoming a distant memory. Increasingly, owners are taking the initiative and joining forces to offer their properties as a package deal.
Strata refers to a system of ownership whereby a building is divided into portions known as ‘lots’. The building can be an apartment block, a complex of townhouses or villas, commercial offices and so on.
Leasing premises is a major investment decision, whether you are a landlord or tenant. What many people don’t understand, however, is how complex a commercial lease can be and how it can be fraught with potential problems.
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