NON-Registration risk
Hi
I can see the potential downside to a full registration (the 5 year rule) however my view is that there is a bigger risk by not registering.
Consider that you are a buyer looking for a re-sale in 2 years time
- which property would be happy to buy, a registered one or unregistered.
There is also be a risk that the value of unregistered property will be lower than registered ones due to the additional "risk".
Consider a new buyer using a lawyer who uncovers some "issues" with your property ownership and will choose not to buy at all, then what do you do !
I will be recommendending that all my owners register their apartments since it is the only way to prove that you have full legal ownership.
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