Problem based on property development


Question 1: Edward, a client, has recently bought land in Sydney on which he intends to build an office building. His architect has informed him that the placement of the building on the block is limited because of an easement on the land held by Sydney Water. Explain to Edward what that means.

Question 2: Priya has recently bought a strata title unit in South Australia and her brother Gani, has bought a strata title unit in Victoria. Is there any difference in the boundaries of what they own under the strata title system in the two states?

Question 3: Margaret intends that her property development will maintain its value and character. She wishes to set limits on the design of the residential buildings and the materials to be used, and to have these limits apply well after she has moved on to other projects. What legal process would you recommend she use? Why?

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Accounting Basics: Problem based on property development
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