Other forms of property ownership include unit titles (usually associated with apartments), cross leases (a shared ownership model where two or more owners own the land and lease parts of the land to each other), company share (where you own shares in a company rather than an interest in land) and occupational licenses (used for retirement villages).
Each type of property ownership brings with it its own peculiar features, some of which can impact on value and the extent to which a property can be used.
For details of the steps involved in the process, see our recent, in-depth article: Buying a Home – The Legal Process.
You will find the process easier to manage and less stressful if you surround yourself with advisors who can assist you in making the right. You will need the assistance of mortgage brokers, valuers and real estate agents you can rely on, but at the heart of a successful purchase is having a close working relationship with a lawyer who is familiar with all aspects of your property purchase.
As you work through the process with the HomeLegal team, you will benefit from legal advice and assistance on everything from understanding the complete purchase process, the particular features of the type of property you’re looking to buy, drafting of your purchase contract (including any necessary conditions), documenting your loan and security documents (which may include KiwiSaver), and ensuring settlement is completed and your title is registered.
Looking for advice on how to buy a house or property? The most important aspect of a smooth property transaction is choosing to work with a dedicated team of property law specialists, available to you at all times when you need assistance.
At HomeLegal, we pride ourselves on the excellence of our conveyancing services. Our service is customer centric and provided by lawyers with strong support from specialist conveyancing legal executives. We’re happy to meet in person at one of our physical offices in Wellington, Lower Hutt, or Upper Hutt.
