Cross Lease Freehold
What is a cross lease to freehold?
Cross lease developments were a popular way to put many properties on one land title to avoid the cost of subdivision. However, cross lease titles are often considered to be undesirable as the land is jointly owned by all the properties on the title. This means all owners must agree to any changes made to the land. Property owners also often share driveways and amenities, and share the costs of maintenance.
Properties on cross lease titles also tend to hold a lower value compared to freehold titles because of the restrictions noted above.
If your home has been built on a cross lease title, you have the option to convert it to a freehold title. Cross lease subdivisions were used to avoid council contributions, but this loophole has been removed and now cross lease to freehold conversions have a number of advantages and disadvantages.
Why you may need a cross lease to freehold survey.
The main disadvantage with a cross lease title is you need the consent of all title holders to make changes to the land.
A freehold title gives you sole rights to use the land, so a cross lease to freehold conversion makes that possible. Converting to a freehold title will also increase the value of your property.
How we help.
Firstly, you’ll get the right advice. We’ll let you know if a cross lease to freehold conversion is possible, what will be involved and how much it will cost. We can tell you if the conversion will comply with the District Plan, and if you decide to proceed, we’ll guide you through the process, obtain your resource consent and any consents for work required to complete the conversion.
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What people are saying.
Excellent, efficient and friendly service all through, making our subdivision process very straightforward. We can thoroughly recommend The Surveying Company
We have used The Surveying Company on several projects providing topographical surveys for civil engineering projects. We have found the team to be friendly, efficient and cost effective. They are our preferred supplier for surveying services and we look forward to continuing to work with them on a wide range of projects.We have used The Surveying Company on several projects providing topographical mapping
HIGHLY RECOMMENDED! Had a great experience with Seamus, made my subdivision process very smooth and simple. Very professional service and very easy to deal with. Also helped me get an exemption from the $12K contribution payment to Hastings Council!I’m a very satisfied customer!
Nick was a great help and support throughout the subdivision process. Always quick to respond to calls and collaborated well to chase up subcontractors with me as required. Would thoroughly recommend Nick and the team at The Surveying Company to any future potential clients.
Fast, efficient and reliable. Delivered what they proposed.
From start to finish, Nick was amazing to deal with, he talked a language that I could understand, he was very professional while being very user-friendly. I would strongly recommend him to anyone wanting to subdivide. I’d like to take the opportunity to thank him for all the help he gave throughout the process, thank you Nick, you made the process very easy for us.
We are very happy with the service provided by all of the people we have dealt with at The Surveying Company, thank you.
Nick Wakefield did a great job through a difficult time with COVID and everything that went with it. There were many delays with the project outside of Nick’s control. A project that should have taken months took years, but Nick continued to steer the project and followed up when he could.
The level of service and expertise we received during our land subdivision using Nick and The Surveying Company was outstanding. Nick was always prompt, responsive to our many queries and fully supportive for us throughout the whole process. I would recommend Nick and The Surveying Company to anyone seeking this type of expertise and advice.
The Survey Company H.B. recently completed a subdivision of our property.
The exercise was both a pleasant and positive experience with their approach always professional – relatable, open and obliging and communications, timely and comprehensive.
From the outset Nick and staff were very approachable and professional. The process of subdividing was clearly explained and all costs laid out before starting so there were no surprises. We really appreciated Nick’s patient answering of all our questions and extra advice when we also decided to add in easements for power. The surveying staff were friendly and respectful when on site and we would have no hesitation in recommending The Surveying Company to others. Many thanks to Nick and team.