on 11-08-2016 10:07 AM
on 11-08-2016 10:07 AM
Hi,
I wanted to share a great question we received via the Support Desk this morning.
In Victoria land titles for a car park and apartment are linked. A caveat had been registered via the paper channel over one but not both titles. I was unable to withdraw the caveat via PEXA. Why?
@GeorgePolus can you explain why for the community?
Solved! Go to Solution.
on 11-08-2016 10:27 AM
on 11-08-2016 10:27 AM
SolutionUnfortunately, this scenario must be dealt with via paper - I will explain why.
Please note - Land Victoria are aware that a conflict in business rules between the paper and electronic channel lies at the heart of the matter. Land VIC advise that the scenario ought be a rare exception. PEXA and Land Victoria are working together to remove this type of conflict.
The rules applied by Land Victoria are:
From the above it follows that if a dealing for a sub-set of linked titles had been registered via the paper channel, it is not possible to discharge or withdraw that dealing via the electronic channel.
In other words:
Title A – Apartment
Title B – Car park
on 11-08-2016 10:27 AM
on 11-08-2016 10:27 AM
SolutionUnfortunately, this scenario must be dealt with via paper - I will explain why.
Please note - Land Victoria are aware that a conflict in business rules between the paper and electronic channel lies at the heart of the matter. Land VIC advise that the scenario ought be a rare exception. PEXA and Land Victoria are working together to remove this type of conflict.
The rules applied by Land Victoria are:
From the above it follows that if a dealing for a sub-set of linked titles had been registered via the paper channel, it is not possible to discharge or withdraw that dealing via the electronic channel.
In other words:
Title A – Apartment
Title B – Car park