Zak Nasir analyses recently released Environment Court decision: Mckay  NZEnvC 180. Is the conversion of a cross lease to fee simple a subdivision?
If the certificate of title for your property is limited as to parcels it means that the area and boundaries of your property are not correctly defined or guaranteed.
Don’t assume converting your cross-lease title will be a complicated and expensive task. With the right people engaged to carry out the work, you can save a lot of time, money and unnecessary administration.
A deposit amount is a matter for negotiation between the parties. Whilst the customary figure is 10% it need not always be the rule. The Auckland District Law Society and Real Estate Institute of New Zealand Agreement for Sale and Purchase template (ADLS Agreement) provides that a vendor can retain a maximum 10% deposit when…