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, which generally have buildings on, with their land and building being leased from the other 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 building outlines on-site don’t match your cross-lease Flats Plan, then your title is probably defective. Banks are less likely (or even unlikely) to lend money on a defective title, making it harder to sell your home. Updating your Flats Plan, although not as expensive nor adding as much value, is the minimum process required to correct a defective title.
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
You and your agent may find it easier to market and to sell.
GOOD+TITLE is a professional joint venture service between one of New Zealand’s only specialist property law firms Overend & Associates and the long-established innovative surveying practice Survus Consultants, using our combined experience and expertise to 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 is here for you every step of the way. From our free property assessment and fixed-price survey and legal fee proposal through to council consents, site works and the build, we’ve got it covered.