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Conveyancing Q&A - What is a cross lease?

Monday, March 28, 2016

 

In this week's Conveyancing Q&A, Hilary Jenkins shows you how to minimise your legal fees.  

APIA Ask An ExpertWhat is a cross-lease title and what should I be aware of as a landlord if my property is on a cross-lease?


APIA Ask An Expert

A cross-lease title is one type of shared ownership title.  The title gives a property owner a registered lease of their house on the landlord, and an undivided ownership share in the land, with the other owners also having ownership share in the land.  

Similar to unit title ownership, you need to ensure that your tenant has been given a copy of the lease document as there are rules within the lease that all owners need to comply with, such as use of a common driveway and whether there are any areas of the land which have exclusive or non-exclusive use for owners.  As your tenants will be living on the property, they need to be aware of these rules.

Disclaimer - The answer provided above is informational and should not be relied upon as legal advice.  For personalised legal advice, please feel free to contact Lifestyle Legal Services Limited or your professional legal advisor directly.  

Hilary Jenkins

Hilary is the director of Lifestyle Legal Services and a veteran of the conveyancing industry having built up an impressive work history of over 20 years (15 of which as a Registered Legal Executive).

To date, Hilary has played an integral part in the success of a wide range of residential and commercial transactions.  Lifestyle Legal stem out of Hilary's passion for the property industry and desire to offer clear and down-to-earth advice for her customers.  


Do you have any conveyancing related questions for Hilary?  Email your questions through to admin@apia.org.nz.  

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