Cross lease term
Question from jan updated on 16th April 2018:
"Fee simple 1/2 share leasehold 999 years". Is this just another term for cross lease or is it something different? If so, what is the difference?
Our expert Kris Pedersen responded:
Yes, this is a cross lease property.
Kris Pedersen of Kris Pedersen Mortgages is a commentator on property and finance. His team sources top finance strategies. www.krispedersen.co.nz