Cross Lease was once a preferred method of subdivision however it is no longer favoured due to limitations associated.
Cross lease conversions / subdivisions to fee simple / freehold are now common practice and can have great benefits such as increased property value, greater control and flexibility, easier financing, unlocking development potential and maximising the saleability of your property.
Cross lease updates are often a headache for property vendors when they come to sell as they learn that their flats plan is defective.
Cross lease subdivisions are still a feasible option for subdivision although uncommon, we can guide you through the process and explain the relative pitfalls.
There isn’t much about cross lease properties that we don’t know so joins hundreds of other property owners and make Everest your preferred cross lease consultant. Our one-stop-shop inhouse service is market leading so get in touch today.
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