All about cross-leasing and subdividing
As the population of a city grows, it’s the city council’s role to protect the density of development, maintaining an ideal mix between the built environment and open spaces.
Tuesday, July 22nd 2003, 4:10AM
by The Landlord
Ross Miller, Auckland City Council’s subdivision team leader, says subdividing is now much preferred over cross-leasing, mainly because people like to have their own title these days. "The rules made cross-leasing easier and less costly to do in the past. But now there’s little difference between the requirements and cost. In most cases, cross-leases are done by people updating their existing leases when they want to make alterations." ...
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