Calculators

Subdivision is the process of dividing a larger parcel of land into smaller, individual lots or parcels. This can involve creating new boundaries, roads, and utilities to facilitate the development of the land for residential, commercial, or industrial purposes. Subdivision is typically subject to local planning and zoning regulations, and may require approval from relevant government agencies or local authorities.

Process - There Are Usually 3 Phases Involved When Subdividing A Block Of Land

1. Engage a surveyor

• Once you’ve decided to subdivide your land.
• Engage a qualified surveyor to subdivide your land.
• The surveyor will obtain a subdivision permit and prepare the proposed plans according to local regulations.
• The surveyor will help you with the council application process and get necessary approvals from the council and other relevant referral authorities.
• If you have a town planner, they can refer you to trusted surveyors they work with, making the process easier.

2. Obtaining Authority Approval and Council Certification

• Obtain approval from the council and other relevant authorities for the subdivision to proceed.
• The council, VicRoads, water authority, gas, electricity, and phone bodies may be involved in the process.
• These authorities may impose conditions on the subdivision application that need to be fulfilled before a certificate of compliance is granted.
• The certificate of compliance allows you to create new titles for the subdivided lots.
• Carefully follow the requirements and conditions set by these authorities to ensure a successful subdivision process.

3. Register Subdivision at Title Office

• Hire FULQRUM Conveyancing to register subdivision plan at title office and create new titles
• FULQRUM Conveyancing will
• Draft title office paperwork for new titles and owners’ corporations (if shared property)
• Seek bank permission for subdivisions and parent title (if existing mortgage)
• Handle paperwork and coordination with parties for smooth registration.

What is Partition Agreement

A partition agreement is a legal document that outlines the division of subdivided property among co-owners. When prepared correctly, it can help avoid or minimize the amount of stamp duty payable on the transfer of the property.

A partition agreement is typically entered into after the settlement or subdivision of a property is complete, with the aim of avoiding or minimizing the amount of stamp duty payable on the transfer.

FULQRUM Conveyancing has the expertise to prepare a partition agreement for you and help saving the stamp duty.