We convert cross-lease titles to fee-simple
Get all your cross-lease questions answered today.
THE EXPERT SERVICES WE OFFER
CROSS-LEASE TO FEE-SIMPLE CONVERSIONS
A cross-lease form of tenure is where two or more landowners own an undivided share of land. It will usually have buildings on it, and the land and buildings are leased between the owners. Changing to fee-simple tenure is a subdivision process that replaces your cross-lease and shared title with your own independent title, far preferred by banks, purchasers and vendors alike.
UPDATE YOUR FLATS PLAN
If the existing building outlines on your section don't match what's shown on your latest flats plan, then you'll likely have what is termed as a “defective title”. Banks often won't lend money on a defective title, which will make it more difficult to buy or sell your home. Updating your flats plan is the minimum requirement to correct a defective title.
SUBDIVIDE YOUR MINOR UNITS
In the past, minor units have been a method for landowners to add an additional residential dwelling to their property, usually for a family member or as an additional income stream. Historically these were not subdivisible due to the criteria relating to minimum area requirements in the previous District and City Plans. Under the current Unitary Plan, it is now possible, in most instances, to subdivide these and create an additional fee-simple title. Although this is not a straightforward exercise, we've done a few now, and have it down to a pretty fine art.
REASONS TO GO FEE-SIMPLE
Your property will highly likely be worth more as a fee-simple title than a cross-lease title.
You will be able to renovate and alter your fee simple property without asking the neighbour’s permission each time.
EASIER TO SELL
Buyers prefer fee-simple titles - as do their banks. Often buyers will view cross-leases as too tricky, and being worth less.
GOOD+TITLE is a professional joint venture service between one of New Zealand’s only specialist property law firms, Dwyer Law, and the long-established innovative surveying practice Survus Consultants. Using our combined experience and expertise, we bring you a ‘one-stop agency’ and fixed prices for change of tenure subdivisions in both the Auckland District and wider Canterbury areas.
We’re committed to reducing stress and risk by streamlining the process to convert your cross-lease to fee-simple, also known as a change of tenure. We’re always transparent about pricing and provide a highly experienced and qualified team who are with you every step of the way. From our free property assessment and fixed-price survey and legal fee proposal, through to council consents and any site works that may be required, we’ve got it covered.
WHAT OUR CUSTOMERS SAY
The proposal was very detailed with a clear breakdown of costs, as well as easy to understand explanations of the different scenarios.
We were introduced to Good+Title by Harcourts in relation to our intention to market our residential property for sale. The report that we received was lengthy, informative and allowed us to cement in place the development potential for our property. From that information, and subsequently-answered queries, we were able to arrive at a realistic reserve for the auction.
Good & Title have been outstanding for us with a change in tenure from cross-lease to freehold title. Professional, with excellent management of the steps involved from legal work, survey and council requirements. Highly recommended.