Cross lease term

Jan asks:
(updated on Monday, April 16th 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 Experts Answer:

Yes, this is a cross lease property.

Most Read

Unity First Home Buyer special 4.15
SBS FirstHome Combo 4.29
ICBC 4.49
Kainga Ora 4.59
SBS Bank Special 4.69
AIA - Go Home Loans 4.75
China Construction Bank 4.85
Co-operative Bank - First Home Special 4.89
Kiwibank Special 4.95
TSB Special 4.99
Westpac Special 4.99
China Construction Bank 4.95
Kainga Ora 4.95
ICBC 4.99
SBS Bank Special 5.29
Co-operative Bank - First Home Special 5.29
Kiwibank Special 5.39
ASB Bank 5.45
Westpac Special 5.45
BNZ - Std 5.45
AIA - Go Home Loans 5.45
Co-operative Bank - Owner Occ 5.45
SBS Bank Special 5.49
BNZ - Std 5.49
Westpac Special 5.49
ASB Bank 5.59
AIA - Go Home Loans 5.59
ICBC 5.65
Kiwibank Special 5.69
Kainga Ora 5.69
Co-operative Bank - First Home Special 5.89
Co-operative Bank - Owner Occ 5.99
TSB Special 5.99
SBS FirstHome Combo 3.29
AIA - Back My Build 3.34
SBS Construction lending for FHB 3.74
CFML 321 Loans 4.20
Co-operative Bank - Standard 5.34
Co-operative Bank - Owner Occ 5.34
ICBC 5.39
Kainga Ora 5.79
Heartland Bank - Online 5.80
SBS Bank 5.84
Pepper Money Prime 5.99