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

    Default Converting cross lease to freehold title

    I have been living in my house in Takapuna for about 17 years and am seriously considering selling it in the not too distant future. It has a cross lease title with another house located on the same title. The land area is approximately 1,200 sq metres and although my neighbour and I are joint (equal) owners of this parcel of land my exclusive use is around 570 sq metres whereas my neighbour's is about 400 sq. metres (the ROW passes my neighbour's house as my house is located at the back of the parcel of land).

    From what I read from the thread of conversation in Property talk it would appear that it may be worth the trouble and expense for me to convert my cross lease to fee simple. By the way what is a fee simple? How different is it from an ordinary title? I have yet to approach my neighbour to suggest conversion as yet as I want to find out more first. I have just repainted the exterior of my house but did not know before that I may have to consult my neighbour on the change of colour

    Your clarification on the above is greatly appreciated.


 

Thread Information

Users Browsing this Thread

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

Similar Threads

  1. Defective cross lease title - demolish offending building?
    By nephrita in forum Finance, legal and tax (NZ)
    Replies: 1
    Last Post: 11-02-2018, 10:15 PM
  2. Changing a cross lease to a Fee simple or freehold property
    By Jaza in forum Property Investment (NZ)
    Replies: 22
    Last Post: 07-06-2017, 06:21 PM
  3. 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
  4. Questions on Cross Lease title.
    By m_shah93 in forum Property Investment (NZ)
    Replies: 8
    Last Post: 29-05-2017, 10:27 PM
  5. 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
  6. converting a cross lease to free hold
    By Mell046 in forum Finance, legal and tax (NZ)
    Replies: 10
    Last Post: 13-10-2015, 12:32 AM
  7. Cross lease title and making improvements
    By Radman in forum Property Improvements (NZ)
    Replies: 4
    Last Post: 07-02-2013, 08:04 AM
  8. Unit Title vs Cross Lease Units
    By NovInvestor in forum Property Investment (NZ)
    Replies: 5
    Last Post: 15-12-2010, 05:54 PM
  9. freehold unit title
    By duck in forum Property Investment (NZ)
    Replies: 5
    Last Post: 22-06-2009, 01:29 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
  •