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Land Titles, Mortgages and Discharges of Mortgage and Lost or Destroyed Titles.
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When you buy a property, you receive a Certificate of Title, which is a paper copy of an entry in an online register.
If you have a mortgage, the bank holds the Certificate of Title until your mortgage is repaid.
When there is no longer a debt over the property, you will need to register a discharge of mortgage at Land Use Victoria. The online register will be updated, and you will receive a new Certificate of Title.
- Refer to the following link: https://www.propertyandlandtitles.vic.gov.au/forms-guides-and-fees/fees Explain the following terms which relate to property law, and where applicable provide examples.
- Plan of subdivision
- Caveat
- Covenant
- Easement
- Adverse possession
- Certificate of Title
- Crown Land
Related Book For
Probability And Statistics For Engineering And The Sciences
ISBN: 9781305251809
9th Edition
Authors: Jay L. Devore
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