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MLC succession english

A composite title is issued to each house owner, comprising: (a) the freehold share of the lessee in the whole block, and (b) the leasehold interest of the lessee in the individual site. 10 A person bound to deal with property on behalf of the owners or beneficiaries. The trustee becomes the legal owner when the order appointing him/her as trustee for the land is registered against the title.

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Ngā kupu ture
Legal terms

Pānga whai toenga Remainder Interest An interest in an estate that becomes fully effective only when the life interest ends (often referred to as an interest in expectation).

Te wehe i ō whenua
Divide your land

On this page Partitions Amalgamation Aggregations Subdivision Before applying to change or divide your land, you must have the backing and agreement of the other owners and shareholders or trustees. You'll need to have a conversation with the other owners, shareholders, and trustees to discuss your plans.