A not-in-common-ownership (NICO) plan arises when a plan of subdivision includes two or more folios held by different registered proprietors. Use this guide before the plan registers to prepare and lodge the paper Transfer of Land as a follower dealing, so the transfer and plan can register together and avoid unresolved NICO proprietorship.
A not-in-common-ownership (NICO) plan arises when a plan of subdivision includes two or more folios held by different registered proprietors. Use this guide before the plan registers to prepare and lodge the paper Transfer of Land as a follower dealing, so the transfer and plan can register together and avoid unresolved NICO proprietorship.