Title summary OT15B/568

OWNERSHIP OF COMMON PROPERTY Pursuant to Section 47 Unit Titles Act 2010 - (a) the body corporate owns the common property and (b) the owners of all the units are beneficially entitled to the common property as tenants in common in shares proportional to the ownership interest (or proposed ownership interest) in respect of their respective units.The above memorial has been added to Supplementary Record Sheets issued under the Unit Titles Act 1972 to give effect to Section 47 of the Unit Titles Act 2010.

An instrument is the document behind an entry on the title — the mortgage itself, the easement terms, the transfer. Order one where you need to read what it actually says rather than that it exists. Party names are not shown here; they are on the document. The other entries are printed on the title without a document of their own — mostly rights the law keeps for the Crown, such as minerals, petroleum and the strip along a river or the coast. They go with the land.