The Property Institute of New Zealand estimates homeowners of cross leased properties can suffer value losses of up to 18%. Many leasehold owners are well aware of this but are put off by the perceived complex cross lease rules and regulations. The capable team at CrossLeaseConverter.nz offer a simple, fixed-price cross lease conversion service. With no unforeseen costs, trusted professional partners and strict processes in place, our clients can look forward to a successful fee simple (freehold) conversion, stress-free.
It has never been easier or more beneficial in the current property market to convert your cross leased property. Contact us today to discuss your options. We can also assist with rectifying defective flats plans or (a better solution) converting them to a fee simple (freehold) title.
We have developed a 10-step streamlined process, with one single point of contact for the successful delivery of fee simple titles for multiple cross lease co-owners. Our aim is to keep this process as stress-free as possible for you, and all we need to start is your address.
**It is recommended that you discuss a possible conversion with your neighbours before contacting us.
Cross leases came into effect in New Zealand in the late 1960s to navigate strict subdivision requirements and save developers costs and time. Thanks to the Resource Management Act in 1991 and the Auckland Unitary Plan, cross lease arrangements are now effectively redundant. However, the complexity and resulting issues surrounding existing cross leases continue to cause ongoing frustration for property owners.
CrossLeaseConverter.nz understands how daunting it is to navigate the legalities of a cross lease conversion, which is why we aim to make it as stress-free as possible for you by doing all the hard work on your behalf.
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