Buying guide
Understanding the types of ownership
There are different types of land ownership in New Zealand. Here are some tips from Settled.govt.nz
AI summary
New Zealand has four main property ownership types, each with unique rights. Freehold (fee simple) is most common, giving you ownership of the land and buildings. With Leasehold, you own the right to occupy but lease the land.
Unit Titles involve owning a unit and sharing common areas managed by a body corporate. Cross Leases mean you share land ownership and lease your specific dwelling. It is crucial to review the record of title with your lawyer before purchasing.
Summary of important things to know
Freehold
Leasehold
Unit Title
Cross lease
Author
Discover More
All Blacks vs Ireland: What NZ’s average asking price buys in the Emerald Isle
As the All Blacks face Ireland, we look at how NZ's property market stacks up against the Irish.
'I wouldn't say we agreed instantly': The renovation that brought an old school back to life
A derelict Southland school becomes a vibrant home after a three-year, $250,000 renovation.
Search
Other articles you might like
