Auckland's CrossLeaseConverter.nz DELETE can convert your tricky unit title to a fee simple in 14 easy steps
Unit titles have a place in the property sector and work well for certain types of property (e.g. multi-apartment buildings and office blocks). However, for individual homes on one piece of land or terraced houses that share a wall and a driveway, unit titles were used simply to get around subdividing rules. Unit titles have a similar impact on a property's market price as cross leases and the professional CrossLeaseConverter.nz DELETE team recommend converting outdated unit titles to fee simple titles before to putting your home on the market. This will ensure the best possible sales price for your property and attract many more potential buyers.
Unit title conversions are becoming a popular choice, particularly since Auckland Unitary Plan came into effect. Although the unit title conversion have a different legal and technical process to cross lease conversions, we are able to effectively convert your unit title leases to freehold for the same, once off, affordable fixed cost.
To find out more, see our FAQ's page for all your frequently asked questions or contact Auckland's title conversion experts today.
What is unit title ownership and why is it unfavourable?
Wherever possible, its best to convert any sort of shared ownership lease to a fee simple title. Having absolute ownership of your property allows for more freedom when it comes to alterations, and will be substantially more attractive to buyers. Many older unit title properties may also have outdated or defective flats plans, CrossLeaseConverter.nz DELETE will be able to let you know before commencing if your flats plan needs to be updated.
Stress-free, 14 step unit title conversion process
Over the years, we've refined our conversion processes to ensure our clients receive the best results in a timely and affordable manner. Our once off fixed-rate fee guarantees no hidden costs and can be divided between two or more parties on a unit title lease.
- You provide us with your unit title address and we will send you a conversion proposal and a memorandum of understanding (MOU)
- An infrastructure report is prepared
- A topographical survey is undertaken of the properties, this will include detail relating to drainage, accessways and services
- A draft subdivision scheme Plan for the conversion to fee simple lots is produced for your approval
- An application is made to council for subdivision consent to the conversion
- A conditional subdivision consent is granted for the conversion by council
- The conditions of the subdivision consent are undertaken
- A land transfer survey plan is prepared, pegging of boundaries undertaken and as-built plans are finalised
- Application is made to land Information New Zealand (LINZ) for approval as to survey
- Applications are made to council under s.223 and 224c of the RMA
- Our lawyer contacts you and completes anti money laundering ID due diligence
- Mortgagee’s consent to the conversion is requested (if required)
- Final documents are collated, and an application is made for the new titles
- New fee simple titles are issued in each registered proprietor’s name(s)
