A large proportion of alpine property involves individual ownership of apartments and other building elements, such as commercial areas and car parks.

Under the alpine leasing framework, ownership arrangements have developed over time and generally fall into one of the following structures:

  • The owner holds shares in the head lessee company, which provide the exclusive right to use the nominated apartment, without a sublease.
  • The owner holds shares in the head lessee company and also has a sublease providing the exclusive right to use the nominated apartment.
  • The owner holds a sublease from the head lessee company providing the exclusive right to use the nominated apartment, but does not hold shares in the head lessee company.

The form of sublease and company structure can vary, but these arrangements have become more standardised under the Alpine Resorts Leasing Policy. All new head leases are now registered at the Victorian Registrar of Titles, and subleases may also be registered.

New subleases and changes of ownership

New subleases and changes of ownership of subleases require the consent of ARV. This includes:

  • Head lease transfer – when a Crown allotment lease is sold.
  • Sub lease or share transfer – When an apartment, unit, car park or shares are sold.
  • Mortgage – when a lease, sub lease or shares are mortgaged.

Requests for ARV consent require certain documentation and payment of a consent fee. For further detail on documentation requirements for each consent type, see documents below.

Page last updated: 22/04/26