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To help everyone reduce water use this summer, we’ve got some simple conservation tips.
Our first (and one of the biggest ways you can help!) is to ditch the sprinkler and use a hand-held hose to water your garden instead.
Watering after 9pm or before 7am also gives your plants the best… View moreTo help everyone reduce water use this summer, we’ve got some simple conservation tips.
Our first (and one of the biggest ways you can help!) is to ditch the sprinkler and use a hand-held hose to water your garden instead.
Watering after 9pm or before 7am also gives your plants the best chance to retain moisture.
Find out more bit.ly...
Quite different from a fee simple title
New Zealanders love to talk about property. There are a multitude of topics relating to property that Kiwis have an intimate knowledge and understanding about which form the topic of water cooler and dinner conversation. The cross lease is just one of those … View moreQuite different from a fee simple title
New Zealanders love to talk about property. There are a multitude of topics relating to property that Kiwis have an intimate knowledge and understanding about which form the topic of water cooler and dinner conversation. The cross lease is just one of those many topics of conversation.
Traditional land ownership model
When you’re considering buying a house, you don’t envisage a cross lease form of ownership. You think of owning your own slice of land, subject only to the laws of New Zealand, and what your title says you can and can’t do. This form of ownership is called a fee simple title.
A cross lease is not the same as a fee simple title.
What are the differences?
When you purchase a cross lease property, you buy a joint share of the underlying land together with the other cross lease holders and you lease from the other cross lease holders the rights to the house/flat/building you will occupy. The terms of this arrangement are governed by a lease registered against the title to the land.
The main difference from a fee simple title is that you are not the sole owner of your land or your home. You own the property jointly with others.
Your rights, obligations and powers in relation to the property are subject to those other interests, and vary from situation to situation. Generally, you will need the consent of your fellow cross lease holders to carry out any structural renovations or any major maintenance or other works to the property you lease. More minor restrictions can extend to the number of pets you are able to keep.
There are general leasing principles to adhere to, such as ensuring that you don’t create a nuisance and allowing the other cross lease holders to quietly enjoy their tenancy. A commonly neglected and overlooked provision is the requirement in most cross lease documents to have a joint insurance policy with the other cross lease holders.
How can you address your obligations?
There is nothing that can’t be done without agreement and, of course, the cost of doing so.
Initially, we recommend talking with us to discuss the issues associated with owning a cross lease property. This should happen before you buy, not afterwards. We will give you an overview of cross leasing and discuss the potential issues you will need to deal with if you purchase the cross lease of that particular property. We will also review the cross lease document and advise you of its terms. It is imperative that you understand the nature of this form of property ownership before you are committed to purchase a property on a cross lease title.
There are other potential issues (which sit outside the scope of this broad-natured article) which we will need to check at this stage as well, such as the aerial plan for the cross leases to ensure that is accurate and doesn’t result in a defective title.
It is better to have an understanding of the issues before you commit to purchase rather than attempting to remedy them after you take ownership.
Most matters relating to cross leasing can be dealt with by agreement between you and the other cross lease holders and their lawyers. However, the cost of attempting to remedy any issues may well be prohibitive for most people and getting other people to agree to what you want and need is never something that should be relied upon.
Although there are significant differences from a fee simple title and sometimes difficulties with purchasing a cross lease property, many thousands of properties in New Zealand operate under this structure with no problems whatsoever. It is important though to understand how cross leasing works and how it differs from what many consider to be the traditional land ownership model.
If you are considering buying a cross lease, the most important thing is to be well-informed and enter into owning one with your eyes wide open.
A cross lease can often be converted to a fee simple title with consent of the other parties involved and their lawyers, and a surveyor. It can be a relatively straightforward process, however costs can vary significantly depending on the characteristics of your particular situation.
If you’re considering buying a property on a cross lease, talk with us early on. It will be time well spent.
We are having Family Fun Day Community Christmas, Free entry. We will also have a dinner buffet starting from 5pm onwards, call us for pricing per person on 03 943 4681
We have a supermodel in the mist ready for adoption. Young Tom is a gorgeous 10 month old cat who is super smoochy, is good with older children, loves everyone and has the most softest fur imaginable.
If you are interested in adopting Tom then please email adoptions.catrescue@gmail.com
Tom is on … View moreWe have a supermodel in the mist ready for adoption. Young Tom is a gorgeous 10 month old cat who is super smoochy, is good with older children, loves everyone and has the most softest fur imaginable.
If you are interested in adopting Tom then please email adoptions.catrescue@gmail.com
Tom is on the front page of our 2019 Calender. How cool would it be to adopt that gorgeous kitten.
Pssss Tom might be upset as he looks like a she on the Calender. It is amazing how he has lost his white fur and become a jet black young handsome boy
Another pssss if you want to buy a 2019 Calender then please email fundraisingcatrescue@gmsil.com and we can sort you out.
Huski Heavy duty wet weather fluro Jacket. Size 4XL. It has a pen pocket, glasses pocket + 5 outside pockets and 1 inside. It has never been worn but has a couple of marks on the back. The fluro strip on the back looks as though there is a prominent mark, but this is only a reflection from the … View moreHuski Heavy duty wet weather fluro Jacket. Size 4XL. It has a pen pocket, glasses pocket + 5 outside pockets and 1 inside. It has never been worn but has a couple of marks on the back. The fluro strip on the back looks as though there is a prominent mark, but this is only a reflection from the light. It is of superior quality. Estate sale.
There have been a lot of discussions lately about whether Santa could be a woman. Even National Party Leader Simon Bridges joined the debate saying "just as Mary Poppins is a woman, Santa Claus is a man". What do you think? Can Santa be a woman? Read more here.
Enjoy the beauty of flowers year round. This clever flower wall is made using coffee filters and Resene testpots. Choose your favourite colour combinations to suit your room or create one as a colourful gift for someone you know who could use a little colour. Make the most of your weekend with this… View moreEnjoy the beauty of flowers year round. This clever flower wall is made using coffee filters and Resene testpots. Choose your favourite colour combinations to suit your room or create one as a colourful gift for someone you know who could use a little colour. Make the most of your weekend with this easy step by step project idea from Resene.
St Chad's,Buckley's Rd,CANARVON corner.lf fine outside on Buckley's Rd,otherwise come inside.9-----1pm.Books galore all cheap,come along early.
Take a look through the full printed programme hot in the press! See the incredible performers coming to Christchurch this summer! There’s a show for everyone, so make sure you pass it around all your family and friends.
Ticketed shows are starting to sell out! Don't miss your chance to … View moreTake a look through the full printed programme hot in the press! See the incredible performers coming to Christchurch this summer! There’s a show for everyone, so make sure you pass it around all your family and friends.
Ticketed shows are starting to sell out! Don't miss your chance to see some of the most spectacular performances currently on the circuit.
Bread & Circus 2019 celebrates a rich 25-year history, bringing a whole month of extravaganza and delight to the streets, theatres, and pop-up venues of Christchurch, full of reimagined twists and turns.
Full programme out now!
Books galore to clear,come along and stock up on your holiday reading material,all cheap and must go as we have more arriving.9--1pm. On BUCKLEYS RD IF FINE,inside if not,ST CHADS by CANARVON st corner,come along early for best selection.
Bring your pre-schooler along next Sunday to our Tots and Toddlers at Waltham summer pool party from 10am to 12pm! With a farm yard, free hydration station and more!
Also, don't forget to enter our #streetssummerpoolparties competition for some awesome prizes!
Find out more: bit.ly...
Billy just wants his mum to come back, and he doesn't want to meet your dog.
The baby penguin was spotted on the slipway at Moncks Bay, near Sumner in Christchurch, about 1.30pm on Thursday.
The critter, which appears to be a juvenile little penguin, was accompanied by a cardboard sign … View moreBilly just wants his mum to come back, and he doesn't want to meet your dog.
The baby penguin was spotted on the slipway at Moncks Bay, near Sumner in Christchurch, about 1.30pm on Thursday.
The critter, which appears to be a juvenile little penguin, was accompanied by a cardboard sign asking to leave him alone.
Read the full story by clicking the link below.
Mayors from across Canterbury are prepared to discuss a rates contribution towards the operating costs of Christchurch's in-development stadium.
But they have "a raft of quite meaty" questions over how it would be governed and how the contributions would be divided between regions.
… View moreMayors from across Canterbury are prepared to discuss a rates contribution towards the operating costs of Christchurch's in-development stadium.
But they have "a raft of quite meaty" questions over how it would be governed and how the contributions would be divided between regions.
What do you think? Tell us in the comments below (please write NFP if you don't want your comments published).
Read more: www.stuff.co.nz...
A new 1km regatta course at Kerrs Reach is proposed for Christchurch's red zone instead of a rowing lake rejected for straining the city's underground water supply.
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