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.
Documents/Guides-Templates-Factsheets/MLC-title-improvement-english.pdf (385 kb)
Combined partition an owner or a group of owners may benefit by combining their interests, held in two neighbouring blocks, into one block.
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)
Comment Box While the land and any other property vested in the trust is held and used for the benefit of the beneficial owners, the beneficial owners are not the legal owners.
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.
Documents/Guides-Templates-Factsheets/MLC-succession-english.pdf (1.2 mb)
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.
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)
