When all the lots and common property in a strata scheme are sold together in one deal to a buyer (usually a developer), rather than each owner selling their lot separately.
Important notice. This information is general in nature and does not constitute legal advice. Unless indicated otherwise, this information is based on New South Wales strata laws and practice. Strata laws, terminology and procedures differ across the different Australian states and territories. For more specific advice on your particular circumstances contact us for a referral to an appropriate expert.
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