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

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