Updating Your Crosslease Flats Plan: What You Need to Know
If you own a crosslease property in New Zealand, you may need to update your flats plan from time to time. A flat plan is a diagram that shows the boundaries of your flats within the crosslease property. It is important to keep your flats plan up-to-date to avoid any disputes with your neighbours or issues with your property title
Here’s what you need to know about updating your crosslease flats plan:
1. Determine if an update is necessary
The first step is to determine if you need to update your flats plan. You may need to update your flats plan if there have been any changes to your flats, such as renovations or additions. You may also need to update your flats plan if there have been any changes to the common areas of the crosslease property.
2. Notify your neighbours
It is important to notify your neighbours of any changes to the flats plan. As they are aslo co-owners of the land, you must obtain thier consent before you proceed this process. This can help avoid any disputes or misunderstandings in the future. Your lawyer can help you prepare a notice to your neighbours that outlines the changes made and how they may be affected.
3. Engage a licensed surveyor
To update your flats plan, you will need to engage a licensed surveyor. The surveyor will prepare a new flats plan that reflects the changes to your flats or the common areas. The surveyor will also prepare a survey report that outlines the changes made and any other relevant information.
4. Submit the updated flats plan to Land Information New Zealand
Once the surveyor has prepared the new flats plan, it must be submitted to Land Information New Zealand (LINZ) for approval. LINZ will review the updated flats plan and ensure that it complies with all legal requirements. Once approved, LINZ will update the property title to reflect the changes.
5. Update your insurance policy
Finally, you will need to update your insurance policy to reflect the changes to your flats or the common areas. This will ensure that you are properly covered in the event of any damage or loss to your property.
At Convey Law, we understand the complexities of crosslease properties and can help you navigate the process of updating your flats plan. Our team of experienced property lawyers can guide you through each step of the process and ensure that your property title is up-to-date and legally compliant.
Contact us today to learn more about updating your crosslease flats plan and how we can help.
We charge fixed fees for our legal works for the Freehold subdivision land development which include reviewing the existing records of title, liaising with the surveyor, all property owners and any mortgagees or charge holders for signing all the necessary legal documents and preparing documents for submitting all legal documents to Land Information New Zealand to obtain the converted new fee simple titles.
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