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A form of right of occupancy that applies when owners of units in a block form a company and each holds shares in the company that entitle them to occupy a defined area of land. A form of right of occupancy that applies when owners of units in a block hold shares in a company, which owns the building. Technically a purchaser doesn’t own the property, they only hold shares in the company that entitle them to occupy a defined area of land. Company titled properties often have restrictions not permitting them to be rented. Some lenders won’t lend on company titled properties, or the LVR will be limited due to a higher risk.
