Converting Your Cross Lease Title to Freehold Last year we talked about the benefits of a freehold title over a cross lease, so this month we would like to give you an idea of what is involved in converting your title to freehold. The Process to Convert Your Cross Lease Title To convert your cross-lease title to a freehold (‘fee simple’) title you will need…
Posts Taggedcross lease
What is a Cross Lease?
What is a Cross Lease? A cross-lease is a type of property ownership where multiple parties own a single piece of land in undivided shares. Each party has the exclusive right to use specific parts of the land (eg, your house and garden) and shared rights over other parts (ie, the shared driveway), as set out in a lease agreement that is registered over the…
Can You Convert A Cross Lease Property To Freehold?
Can You Convert A Cross Lease Property To Freehold? To convert a cross lease property there are a number of things you need to think about. But first, let’s look at what is a cross lease and does it hinder the sale of a property, is it actually worth converting to a freehold title? What is a cross lease? A cross-lease is a type of…