Cross Leases - key issues 2023 - Online CPD

Package includes:

Online CPD Module  l  Electronic booklet  l  PowerPoint Presentation

Package Fee (incl GST)

• $145 - NZLS members and Associate members
• $195 - Non-members

Note: Access to the online files is via your "My CPD" page. If you would like to purchase multiple packages, please contact us here.

Online CPD Module

Cross leases are a popular form of subdivision going back to the 1960s, where land and buildings are owned jointly by the occupants as tenants in common and the flats leased. This type of ownership has the potential to lead to significant issues. This module will take a practical approach in considering how you can help your clients avoid and/or manage these issues at the front end of the process and when buying and selling; tips in relation to obtaining consent; and the steps that you can take if problems do subsequently emerge.

This module is an updated version of the very well attended and received webinar in February 2022.

This module will include:

• Issues relating to cross lease sale and purchase transactions and when to requisition or add additional clauses
• Consent issues relating to alterations and redevelopment
• Maintenance, insurance, and other decision matters arising from co-ownership of cross lease properties
• Disputes leading to arbitration.

Learning objectives

By completing this module, you will gain:

• Increased knowledge of the key issues when advising clients on purchasing and selling cross lease properties.
• Skills to navigate the consent process and avoid problems that can lead to disputes and arbitration.

Electronic paper 

Authors: Joanna Pidgeon, Ben Thomson
Published: 16 May 2023
Pages: 34

Introduction

There is no introduction to this paper.

PowerPoint Presentation

These are the slides included in the presentation.