The normal process
01 / VALUABLE
So you are thinking about converting your property from a cross lease to a fee simple title? Congratulations -- this is one of the best things you could do to add value to your property.
Cross leases have a long history of causing difficulties for their owners, and what you can do with a cross lease property is limited. Because of this, a value-discount is applied to cross leases -- purchasers are not willing to pay as much for a cross lease property as for a fee simple property.
Having a fee simple title rather than a cross lease will mean that you have much greater flexibility in what you can do with your property, makes it more likely for you to avoid neighbour disputes, and, if and when you decide to sell, makes it easier to sell the property and increases its marketability and sale value.
So why haven't you thought about this before? Or have you? The chances are that it all seemed too hard, or too expensive. Well, we have a solution for you.
02 / EASY
How does it work? Simple. And that is our intention. You phone or email us, or make a query below via this website, and give us your address.
We then investigate the property, leases and relevant details, and provide you with a combined, all-in-one fee proposal to undertake the job from beginning to end.
We can manage everything for you -- planning, consenting, surveying, engineering (if necessary), through to the legal work, and even dealing with your mortgagee and your neighbours if you would like us to.
03 / CERTAIN
We like to give certainty.
As well as giving you a fixed fee proposal upfront, we tie up all the loose ends upfront as well, by making sure all the landowners sign an agreement to proceed with the cross lease. This means that you don't start down the track of converting only to find out that one landowner wants to hold the others to ransom by changing its mind.
We make sure that you know that your fee is being used for the project, by holding this in the Overend & Associates' trust account. This is a solicitor's trust account, regulated by the New Zealand Law Society, and protected by the Lawyers' Fidelity Fund.