Other than in unusual circumstances, it would not be prudent for the Trustees to make a loan to a Beneficial Owner on terms that included no interest being paid, a long term of repayment and no security against repayment, because a loan of that type could: a. mean that the Trust does not earn income that it could otherwise earn; b. subject the Trust capital to undue risk; and c. compromise the interests of other Beneficial Owners. 3.
Each co-owner has an interest in all of the land in the title.
Documents/Guides-Templates-Factsheets/MLC-2023-Glossary-of-terms.pdf (278 kb)
Combined partition an owner or a group of owners may benefit by combining their interests, held in two neighbouring blocks, into one block.
Combined partition an owner or a group of owners may benefit by combining their interests, held in two neighbouring blocks, into one block.
Documents/Guides-Templates-Factsheets/MLC-title-improvement-english.pdf (385 kb)
When an owner dies, it’s important to transfer their interests to the person or people entitled to receive those interests – the successors².
Documents/Guides-Templates-Factsheets/MOJ0217.7E-SEP21-Succession-Factsheet.pdf (355 kb)
However, the trustees may make the decision to enter into such an arrangement only where: (a) doing so is commercially prudent, and in the best interests of the beneficial owners of this trust; and (b) a trustee when providing the trust goods or services is paid only a reasonable fee for doing so.
Documents/Guides-Templates-Factsheets/2021-12-07-Ahu-Whenua-Trust-Order-Template.pdf (398 kb)
In some cases there are hundreds of owners for one block or title 1. When an owner dies, it is important to transfer his or her interests to whoever is entitled to receive those interests.
In some cases there are hundreds of owners for one block or title 1. When an owner dies, it is important to transfer his or her interests to whoever is entitled to receive those interests.
Documents/Guides-Templates-Factsheets/MLC-succession-english.pdf (1.2 mb)
Māori custom. 10. The owner of a beneficial interest in land. Where land is vested in trustees, the trustees own the land as legal owners on behalf of the beneficiaries.
Documents/Guides-Templates-Factsheets/MOJ0217.3E-OCT21-Transferring-Maori-Land-Shares.pdf (78 kb)
COMBINED PARTITION An owner or group of owners may benefit by combining their interests, held in two neighbouring blocks, into one block.
Documents/Guides-Templates-Factsheets/MOJ0217.5E-OCT21-Title-Improvement.pdf (357 kb)
