What Does Subdividing a Cross Lease Mean?
Subdividing a cross lease refers to a shared ownership arrangement where multiple parties lease dwellings to each other on the same piece of land. While this type of subdivision was highly popular in the 1980s and 1990s, it is less common today. However, many cross-leased properties still exist, and one of our most frequent services is updating cross lease agreements. These updates are necessary when additions or alterations to a dwelling change the building’s footprint on the title.
Updating a cross lease involves a field visit to measure the updated shape of the building, securing council approval, and submitting the updated plan to LINZ. Once the plan is approved, your solicitor can apply for the new cross lease title.
How Kiwi Vision Can Help
Kiwi Vision specialises in simplifying the complexities of cross lease subdivisions and updates. Our expert team manages every aspect of the process, including:
Boundary Measurement
We conduct precise field measurements to document changes in the dwelling’s shape or footprint.
Council Approvals
We are experts in preparing and submitting the required plans for council review and securing necessary approvals.
LINZ Submission
We can lodge plans with Land Information New Zealand (LINZ) to formalise updates.
Title Updates
We coordinate with your solicitor to apply for and issue a new cross lease title.
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