ACT lot owners are wondering what unit title or section 119 certificates are. Find out in our Q&A below.
Question: What is a unit title certificate?
What is a unit title certificate?
I found this phrase in Unit Titles (Management) Act 2011.
- failure to provide information or certificate.
- acting on information in unit title certificate.
Is it just the unit plan for the entire complex?
Answer: It’s otherwise known as a section 119 certificate.
It’s otherwise known as a section 119 certificate.
These are typically requested by vendors in order to be provided to purchasers and are the ACT equivalent of the NSW section 184 certificates. Section 119 certificates detail the financial and other matters relating to each unit including whether the contributions for the unit are paid or unpaid.
Christopher Kerin Kerin Benson Lawyers E: enquiries@kerinbensonlawyers.com.au P: 02 8706 7060
This post appears in Strata News #391.
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EmbedThis article is not intended to be personal advice and you should not rely on it as a substitute for any form of advice.
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