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What is the difference between owning a property land and owing only the structure built on it ?

Hi,

I am interested in knowing what all aspects ones needs to look into while trying to sell commercial property. And specifically on what are the documents that will be required, tax implications etc. Does it make sense to involve a real estate agent as they would have better understanding on the rates applicable and documentation etc.

Also, what is the difference between owning a property land and owing only the structure built on it. Does that have an impact on the sale of the property. Also would that mean that a NOC would be required from the owner of the land.

Regards,

Hazel

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