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Title Information
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Property Title Information |
Thredbo
Thredbo is in the heart of the Kosciuszko National Park. The National Parks and Wildlife Service administers the lease area on behalf of the State Government (Office of Heritage and Environment - OHE), the landlord. Kosciusko Thredbo P/L, KT, (a wholly owned subsidiary of Amalgamated Holdings, a publicly listed company on the ASX) is the head lessee. You, the individual property owner are therefore a sublessee of KT. KT are your "local council", and provide all municipal services including water and sewage for an annual "bed license" payment or lease fee. Their responsibilities are clearly set out in the sub-lease document which also details important things like your responsibilities under the sub-lease. The sub-lease also outlines that properties within the national park should be made available for holiday tenancies for 26 weeks per annum. The 50 year option to 2057 was taken up by KT in 2007, and new 50 year sub-leases are now registered for all the individual properties in Thredbo (thus all properties have individual Lot and Deposited plan numbers); | | Perisher
In Perisher the set up is different as the majority of lessees deal directly with the NPWS. Lease negotiations with respect to the issue of extra beds under the NPWS Plan of Management, and the issue of new leases have been completed to those property owners who agreed to take up the OHE (NPWS) offer. A new lease offer was made to property owners in Perisher whereby new beds are available for the payment of a premium, as well as an extended lease to 2058. Whilst there are a few final details to complete this process for some properties, the basic advantages to having a new lease is the allowed flexibility of your physical bed arrangements, and of course having an option to re-new in 2028 thereby preserving the value of the property. The exceptions to the title arrangements outlined above are for apartment buildings whereby there is a similiar arrangement to the Thredbo leases, and individual owners have a sub-lease with the complex owner - for example, in Stables that is Deanes Management, and in Heidis the sub-lease is with the group body corporate. Similarly, Perisher properties are not supposed to be lived in year round, as they have to be made available for half the year for holiday tenancies. | | Jindabyne, Lake Crackenback, Alpine Way
Outside the Kosciuszko National park, normal torrens and strata title applies. In our experience, nevertheless, we have found that dealing with experienced knowledgable solicitors is generally a more expedient way of dealing with conveyancing matters in the local area. We can help you with suggestions wherever you reside. |
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02-6457-2144
