When conveyancing on a house and land package is complete, you become the holder of a Torrens Title. You will be registered as the proprietor, or owner, of the property and your title is guaranteed by the NSW Government.
Ownership is shown by a certificate of title, which is a record of what is registered in a folio kept by Land and Property Information (LPI), formerly known as the Land Titles Office.
What’s on the certificate of title?
All transactions – eg transfers of ownerships – are registered on the certificate of title., which shows:
- the details of who currently owns the property.
- the title’s unique reference details- lot and deposited plan numbers.
- any encumbrances – eg mortgages, registered on the title.
- any easements – eg right of ways or any easement for services (electrical, plumbing etc.) registered on the title.
- any restrictive covenant (a clause that limits what the owner of the land can do with the property).
- any caveats – claims that someone else could have a claim on the property.
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