Uncategorized
What you need to know before buying a cross lease property
Written by Belinda Moffat, 05/05/25 for Stuff. Belinda Moffat is the chief executive of the Real Estate Authority. She answers your house buying and selling questions. QUESTION: On our first house hunt we have found a lovely townhouse, but there are some common areas shared between the neighbours and this home, including the lawn and carport…
Read MoreWhat’s in a property title, and why might it make my bank twitchy?
Written by Kylie Klein Nixon, Nov 05 2023 for Sunday Magazine. The property listing looked too good to be true… a two-bedroom apartment in Auckland, minutes from Queen St, with a large living room that opened through louvre sliders onto a broad, shaded balcony. Below, the complex’s pool shimmered in the Auckland sun, surrounded by…
Read MoreThe garage in Waihi Beach blocking out a seriously ill pensioner’s sun
Written by Tony Wall, Mar 09 2023, Stuff. It seems so blatant – a large garage tacked on to the side of a new house, completely blocking out the view and morning sun of the neighbouring unit. How was it allowed? Colin Henderson used to love his little slice of paradise on Waihi Beach. Every morning…
Read MoreHere are some things to know before you buy that cross lease property
Written by Kevin Lampen-Smith, Aug 23 2019 for Stuff. There are four main types of property ownership in New Zealand – freehold, leasehold, unit title and cross lease. In a cross lease, you own a share of the freehold title with the other cross leaseholders and a leasehold interest in the particular area and building…
Read MoreNeighbors at war over fences blocked driveways and dog poo
A shared driveway in West Auckland has become a nightmare for Nina Khetan. She said she was sick of her driveway being blocked by cars and the neighbour’s dog relieving itself on her lawn. But what upset Khetan the most was her inability to landscape a strip of her land. READ MORE
Read MoreChristchurch family’s rebuild botched, can’t sell land tied up in cross lease
Written by Jamie Small, Oct 19 2017, Stuff. Michelle and David McLean say an earthquake-damaged cross lease has ruined their life in Christchurch. The McLeans have now left Christchurch but are still stuck with shares in an empty Edgeware plot. “I would never have bought this place if I’d known all this,” Michelle McLean said.…
Read MoreReap the rewards of fixing your Cross Lease.
The process of leaving a cross lease is costly, but the cost would likely be offset by a higher property value if it was subdivided into fee simple titles. READ MORE
Read More