The 4 Core Title-types in the NZ Property Market | Ep. 170

In this episode, we discuss the four different titles that are used in the New Zealand property market. These are:

• Freehold, also known as fee-simple. This is the most common type of ownership in New Zealand where you own the land and you are generally free to do what you like with it, subject to any caveats, covenants, or local bylaws
• Leasehold – this is where you own the building on the land, but you rent the land from another party. Under this type of title, you pay a ground-rent to the landowner every year and these are subject to review within an agreed timeframe
• Unit Title – this type of title is common for apartments and townhouses. You own your own property and an undivided share of the common areas
• Cross lease – where you jointly own the land with another landowner and you both rent the land (at the same time) from the other landowner. 

As usual, we also gave a wee plug to our Epic Guide to Mortgages. This is the most comprehensive free guide in New Zealand that teaches you how to get a home loan from the bank and pay it off more quickly.