You must notify us if:
the term is for a period of 21 years or more, including any terms of renewal
the term is for a period of more than 52 years or if one or more terms of renewal are equal to more than 52 years (a long-term lease), or
a party to any lease obtains a transfer, variation, discharge or surrenders a lease which has a term of over 21 years.
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Legal terms used for Māori land
Term used to describe landowners
Terms used in succession
Terms used in land ownership
Types of land ownership Terms used for Māori land
Te Ture Whenua Māori Act provides legal definitions for different types of Māori land ownership.
The establishment of an Ahu Whenua Trust
5. Elect Responsible Trustees
6. Determine the terms of trust
The block contains 13.7846 hectares and is situated on 464 Taikatu Road, Otakeho.
I am/We are* the beneficiary/beneficiaries* of a whānau trust, [name of whānau trust],
______________________________________________________________________ which holds a beneficial
interest in the block.
2.
With shares held by individuals becoming increasingly fractionated but shares held in whānau trusts being relatively stable, I foresee a time when these whānau trusts will be major shareholders in trusts and incorporations.
When you submit an application, you’ll need to include information about the trust and trustees. The Court will review:
day-to-day management of the trust
financial management of the trust
documentation of the trust, and
the terms of the trust.
Trustees
Where the land is vested in trustees and
where the trust order 14 allows, the trustees
may negotiate the terms of an easement
with the interested parties.
Trustees
Where the land is vested in trustees and
where the trust order 14 allows, the trustees
may negotiate the terms of an easement
with the interested parties.
