WebMar 14, 2024 · Freehold No. Parking Spaces: 5 Description. The property has an electric loading door (3.96m wide x 2.97m high), a separate pedestrian access door, strip-lighting, a security and fire alarm system, disabled toilet and kitchenette. There is also an office on the ground floor measuring approximately 5.12m x 4.42m plus a reception / office of 3 ... WebA cross lease title simply isn’t as good a title as a fee simple title; because your neighbour is a co-owner of your land, you need your neighbour’s permission for things that a freehold (fee simple) owner wouldn’t.

Costs of converting a cross lease to fee simple titles

WebSep 26, 2008 · What is a cross-lease? A cross-lease is a means of obtaining a title for a share in the ownership of a piece of land and a lease of a dwelling on that land. The joint … WebFreehold, also known as fee simple, is the most common ownership type in New Zealand. Leasehold is when someone else owns the land. You purchase an exclusive right to … Freehold, leasehold or unit title – ownership terms explained . Know how to prepare … joey bosa referee

A fix for cross lease hassles - Property News - NZ …

WebIf three owners are on a cross-lease, they all own one third of the land and the dwellings (i.e. homes) on it. As a group, they all own the land as freehold. Each owner is entitled to … WebCross Lease Property To Freehold Conversion; Subdivision Terminology; Updating Your Cross Lease Plan; Subdivision Resources; Developments Made Easy Service; … joey bounce el bey