• Login:
Welcome, Register Here
follow PropertyTalk on facebook follow PropertyTalk on twitter Newsletter follow PropertyTalk on LinkedIn follow PropertyTalk on facebook
Results 1 to 2 of 2
  1. #1

    Default Defective cross lease title - demolish offending building?

    Hi,

    I'm looking at buying a property which is great except for a possibly defective cross-lease title (eek). The defective aspect is a large shed with no floor - I would be happy to purchase the property without this shed. If I demolish the shed, does that return the title to pristine condition?

    Thanks

  2. #2
    Join Date
    Oct 2013
    Posts
    1,620

    Default

    Quote Originally Posted by nephrita View Post
    Hi,

    I'm looking at buying a property which is great except for a possibly defective cross-lease title (eek). The defective aspect is a large shed with no floor - I would be happy to purchase the property without this shed. If I demolish the shed, does that return the title to pristine condition?

    Thanks
    Consider what you'd think if the vendor demolished the shed, prior to you viewing the place. Does the flats plan now match the layout of the property? Then no defect, pristine! No reason you can't do the same.

    If the defect in the title is something other than a mismatch between floor plan and flats plan, then disregard my answer above.
    AAT Accounting Services - Property Specialist Accounting - AATAccounting.co.nz
    Lower fees for investors, traders & real estate agents!
    [email protected] for more information.


 

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Need to fix defective title?
    By bpkeng in forum General (NZ)
    Replies: 8
    Last Post: 17-11-2018, 02:23 PM
  2. Cross lease title, trouble with neighbour, suggestion needed!!!
    By Jonovben in forum Finance, legal and tax (NZ)
    Replies: 34
    Last Post: 03-06-2017, 01:10 AM
  3. Questions on Cross Lease title.
    By m_shah93 in forum Property Investment (NZ)
    Replies: 8
    Last Post: 29-05-2017, 10:27 PM
  4. Health and safety with cross lease title
    By Denis newman in forum Finance, legal and tax (NZ)
    Replies: 14
    Last Post: 17-03-2017, 02:33 PM
  5. The Limitations of Building structures on cross lease sites ?
    By Bluekiwi in forum Property Investment (NZ)
    Replies: 2
    Last Post: 27-05-2014, 10:36 AM
  6. Cross lease title and making improvements
    By Radman in forum Property Improvements (NZ)
    Replies: 4
    Last Post: 07-02-2013, 08:04 AM
  7. First home buyer - offer in - defective title!
    By SHAZZAROO in forum Finance, legal and tax (NZ)
    Replies: 14
    Last Post: 22-08-2012, 09:51 AM
  8. Defective Title
    By Dugster in forum Finance, legal and tax (NZ)
    Replies: 4
    Last Post: 11-05-2012, 11:01 AM
  9. Unit Title vs Cross Lease Units
    By NovInvestor in forum Property Investment (NZ)
    Replies: 5
    Last Post: 15-12-2010, 05:54 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •