Most of us would have heard of company title, which is a term used where a company owns the land and the buildings on that land parcel. The land itself may be under either the Old Systems or Torrens title, and most of these blocks of units were developed and built before the Strata Title system was introduced in NSW in 1973. It was a way of allowing multiple occupancy and a form of "ownership" of the one building. The main features of company title include: *The company owns the land and buildings *Individual shareholders in the company have the right to occupy a particular part of the building *Control of the building is vested in the company's board of directors *The company's articles of association regulate the company including the management of the building and rights of shareholders Obviously, such features can present drawbacks as the shares are personal property and not "real" property (as in real estate). This can present problems with lenders as well, as some don't view the shares as enough security for a loan. With the shares not being readily transferable, with a sale often needing an approval from the board of directors as to who is purchasing those shares, this can also present problems. Often there are also strict controls on the property itself, including the need for board approval to lease to particular tenants. Though there are more strata title units out there than company title, there will come a time when, if looking for an investment unit, you come across one of these company title blocks. Though I've looked at some in the past, I've tended to steer away, but would be curious to know if any investors here have taken the plunge, and, if so, what issues have they encountered (if any)- particularly in terms of making renovation changes and onselling. Anyone?