Consolidation is when the land contained in two or more adjacent titles is consolidated into a single lot and a new child title is issued to replace the parent titles. It can be thought of as the opposite to a subdivision.
What are some examples of when consolidations are done?
A Plan of Consolidation is first prepared by a surveyor or town planner, approved by Council, and then released for lodgement by a conveyancer or legal practitioner. Both (or all) of the titles to be consolidated must have the same ownership, and if any or all of the titles are mortgaged, then the mortgagee’s consent is required.
For more information about consolidation, please contact Glenferrie Conveyancing in Northcote on 03 9815 2351.