'Interest recorded on register folio CP/SP61518'
The purpose of the Second Schedule on the Certificate of Title of a lot is to record any encumbrances that directly affect the lot (eg mortgage, lease).
However, there are possibly other encumbrances and issues that affect the land on which the strata scheme exists which, while not shown on the title for the lot, may affect the lot eg:
Notifications referring to the above are recorded in the Second Schedule of the title for the Common Property.
The common property title also includes other important information on the strata scheme including:
The purpose of the notification is to direct attention to these encumbrances and information that are recorded on the Common Property title.
The title for the Common Property should always be included when searching title information for a strata lot.