Property Management

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

Councils look to the Resource Management Act, a piece of legislation that sets out the terms and conditions for cross-leasing and subdividing. At Auckland City the ruling states this is generally one dwelling per 500sq m or one per 375sq m.

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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