Splitting a motel means that the Freehold title is split in the following way.
A lease is created from the Freehold title which divides the motel three ways.
- Freehold title - in the original form incorporating the Land, Building & Motel Business
- Leasehold - being the motel business only - can be periods of up to 30 years (5 years with 5x5 year options)
- Investment Freehold - being the Land & Buildings only
The following article explains the structure.
