Do you intend to subdivide your property? It is common to view subdivision projects as difficult and complicated procedures, but with the assistance of expert advisors on your team, your vision could become a reality sooner and be more straightforward than you think. Whether your project involves two residential lots or a multi-stage development of 100 lots or more, our specialist property team at Wakefields Lawyers have the experience to help with all aspects of your project.
Subdivisions can occur in all shapes and sizes. Essentially, subdividing is the process of dividing a parcel of land into two or more smaller parcels. Land subdivision creates separate records of title, which can be on-sold to create multiple residences or commercial properties out of a single piece of land. Whether you are looking to subdivide lifestyle, commercial or residential blocks, our expert team can seamlessly guide you through the process.
Here is a summary of the typical steps involved in subdividing:
NB: Usually all the required subdivision works must be completed before the council will allow the separate records of title to be issued. Sometimes the council will permit some of those works to be completed at a later day. However, in those circumstances the council would required a financial bond to be granted in their favour and registered on the new records of titles.
Throughout the subdivision process, your lawyer is also responsible for:
As subdivisions reach completion, many developers find comfort in already having sale contracts confirmed and entered into for one or more of the subdivided lots. In some cases, vendors/developers may even be able to use purchase deposits or the initial sale of one lot to finance the main subdivision itself, minimising the need for additional financing.
As you can see, expert advice is essential to ensuring that your subdivision project is completed efficiently and accurately. It is vital to ensure that your land is suitable for your intended purpose, there are no fishhooks or gaps in your contracts or documentation, your best interests are protected, and you are constantly supported along the way.
At Wakefields Lawyers, we have the expertise and experience to ensure that your project is conducted in a timely and thorough manner. If you would like more information about whether your subdivision vision can become a reality, please contact Wakefields Lawyers on 04-970-3600 or email firstname.lastname@example.org.
– Kailey Northcott (Solicitor)