Assignment scenario
For the purposes of this assignment, you have recently joined the team as the newest salesperson at Waterford Real Estate Ltd, working at the Waterford East branch under the leadership of John Canon.
Task 1:
First home buyers You are working with customers, Tom and Lucy Bradshaw, who are keen to purchase their first home. Over a period of about 3 weeks you have shown them several properties, and they've shown considerable interest in five of them. You have given them a copy of the certificate of title for each of these properties.
(a) Tom and Lucy mention that they are rather confused by the titles of the five properties. They ask you to:
(i) identify the current owner/s of each home, and
(ii) explain each property in terms of tenure. In your explanation, describe how the tenure affects the rights and obligations of the owners.
You can access the certificates of title from the Assessment area of this course.
The titles to be explained are:
1. WN711/236.
2. WN127/488.
3. WN58A/764.
4. 911224.
5. 727372.
SAMPLE - FOR STUDY PURPOSES ONLY RECORD OF TITLE Wellington UNDER LAND TRANSFER ACT 2017 Land FREEHOLD Registry Search Copy I Writer Irma Writer Identifier WN711/236 Registrar-General Land Registration District Wellington of Land Date Issued 10 March 2014 Prior References WN21/773 Estate Fee Simple Area 637 square metres more or less Legal Description Lot 2 Deposited Plan 973211 Registered Owners John Michael Bryant and Susan Mary Bryant Interests C811237.1 Mortgage to Westpac Banking Corporation - 10.3.2014 at 9.08 am Appurtenancereto is a right of way and sewerage drainage and water drainage rights specified in Easement Certificate D322385.4 - 10.3.2014 at 9.10 am Transaction ID 2932752 Search Copy Dated 3/12/18 9.42 am Page 1 of 2 Client Reference Waterford R/ESAMPLE - FOR STUDY PURPOSES ONLY Identifier WN711/236 SEDDON STREET (Legal road) LOT 1 604m2 R.O.W & SERVICES EASEMENT LOT 2 637m2 Transaction ID 2932752 Search Copy Dated 3/12/18 9.42 am Page 1 of 2 Client Reference Waterford R/ESAMPLE - FOR STUDY PURPOSES ONLY RECORD OF TITLE Wellington UNDER LAND TRANSFER ACT 2017 Land CROSS LEASE Registry Search Copy 1 Writer Identifier WN127/488 Irma Writer Registrar-General Land Registration District Wellington of Land Date Issued 10 July 2012 Prior References WN27/421 Estate Fee Simple - 1/2 share Area 1014 square metres more or less Legal Description Lot 6 Deposited Plan 184185 Registered Owners Peter Brian Lang as to a 1/2 share Sarah Kate Wilson as to a 1/2 share Estate Leasehold Instrument L B075371.1 Term 999 years commencing on 31 March 1988 Legal Description Flat 1 DP 48861 and Garage 1 DP 48861 Proprietors Peter Brian Lang as to a 1/2 share Sarah Kate Wilson as to a 1/2 share Interests $479955 Building Line Restriction (Affects Fee Simple) BO75371.1 Lease of Flat 1 and Garage 1 DP 48861 Term 999 years commencing on 31.3.1988 Composite CT WN41C/306 issued 8.4.1992 at 9.09 am (Affects Fee Simple) BO75371.2 Lease of Flat 2 DP 48861 Term 999 years commencing on 31.3.1988 Composite CT WN41C/307 issued 8.4.1992 at 9.09 am (Affects Fee Simple) B619691.2 Mortgage to ANZ Banking Group (New Zealand) Lid - 5 December 2017 at 9.13 am Transaction ID 2932752 Search Copy Dated 3/12/18 9.42 am Page 1 of 2 Client Reference Waterford R/ESAMPLE - FOR STUDY PURPOSES ONLY Identifier WN127/488 Garage 1 Deck with DP 48861 pergola roof -. FLAT 1 DP 48861 AMBROSIA AVENUE (Legal road) FLAT 2 DP 48861 Building line - . CHESTERFIELD DRIVE (Legal road) - . Transaction ID 2932752 Search Copy Dated 3/012/18 9.42 am Page 2 of 2 Client Reference Waterford R/ESAMPLE - FOR STUDY PURPOSES ONLY RECORD OF TITLE Wellington UNDER LAND TRANSFER ACT 2017 Land UNIT TITLE Registry Search Copy 1 Writer Identifier WN58A/764 Irma Writer Registrar-General Land Registration District Wellington of Land Date Issued 04 December 2005 Prior References WN256B/853 Estate Stratum in Freehold Area Unit C and Accessory Unit 3 Legal Description Deposited Plan Wellington 69707 Registered Owners Oka Leota, Simisi Leota and Waterford Trustee Company Limited The above estates are subject to the reservations, restrictions, encumbrances, liens and interests noted below and on the relevant unit plan and supplementary record sheet. D612217.1 Mortgage to Bank of New Zealand - 4.12.2005 at 2.40 pm Transaction ID 2932752 Search Copy Dated 3/12/18 9.42 am Page 1 of 3 Client Reference Waterford R/ESAMPLE - FOR STUDY PURPOSES ONLY Identifier WN58A/764 SUPPLEMENTARY RECORD SHEET UNDER LAND TRANSFER ACT 2017 Search Copy Identifier WN69A/202 Land Registration District Wellington Date Issued 04 December 1995 Plan Number DP 69707 Prior References WN 256B/853 Unit Titles Issued WN58A/762 WN58A/763 WN58A/764 Interests Fencing agreement in Transfer 225847 709788.1 Change of rules of the Body Corporate - 6.3.2014 at 9.05 am Transaction ID 2932752 Search Copy Dated 3/12/18 9.42 am Page 2 of 3 Client Reference Waterford R/ESAMPLE - FOR STUDY PURPOSES ONLY Identifier WN58A/764 AU AU AU 1 Common property PU C Common property PUB PU A Common property SPRINGFIELD WAY (Legal road) Transaction ID 2932752 Search Copy Dated 3/12/18 9.42 am Page 3 of 3 Client Reference Waterford R/ESAMPLE - FOR STUDY PURPOSES ONLY RECORD OF TITLE Wellington UNDER LAND TRANSFER ACT 2017 Land LEASEHOLD Registry Search Copy I Writer Irma Writer Identifier 911224 Registrar-General Land Registration District Wellington of Land Date Issued 21 August 2018 Prior References WN256B/853 Estate Leasehold Instrument LB 122334.1 Area 672 square metres more or less Term Twenty one years Legal Description Lot 2 Deposited Plan 27913 commencing 1.7.2015 (Right of renewal) Registered Owners Desmond David Wang and Daisy Joy Wang Interests 8000163.2 Mortgage to Kiwibank Limited, 21 August 2018 at 12.51 pm 7732314.1 Caveat to Johnson William Chan, 9 September 2018 at 9.52 am Transaction ID 2932752 Search Copy Dated 3/12/18 9.42 am Page 1 of 2 Client Reference Waterford R/ESAMPLE - FOR STUDY PURPOSES ONLY Identifier 911224 LOT 2 672m2 BRIAR LANE (Legal road) - . Transaction ID 2932752 Search Copy Dated 3/12/18 9.42 am Page 2 of 2 Client Reference Waterford R/ESAMPLE FOR STUDY PURPOSES ONLY RECORD OF TITLE UNDER LAND TRANSFER ACT 2017 FREEHOLD Search Co Py 7 a\" .1 . Irma Writer Identier 727372 Registrar-General Land Registration District Wellington ofland Date Issued 1 November 1972 Prior References WN 621/37 WN 799/17 Estate Fee Simple Area 2101 square metres more or less Legal Description Lot 7 Deposited Plan 339201 Registered Owners Valley View Apartments Limited Interests Occupation Licence of Flat 1 and Garage 1 Plan 26634 embodied in Register WN 11C/ 1001 Occupation Licence of Flat 2 and Garage 2 Plan 26634 embodied in Register WN 11C/ 1002 Occupation Licence of Flat 3 and Garage 3 Plan 26634 embodied in Register WN 11C/ 1003 Occupation Licence of Flat 4 and Garage 4 Plan 26634 embodied in Register WN 11C! 1004 Occupation Licence of Flat 5 Plan 26634 embodied in Register WN 11C! 1009 Occupation Licence of Flat 6 Plan 26634 embodied in Register WN 11C/ 1010 Occupation Licence of Flat 7 Plan 26634 embodied in Register WN MO 10011 Occupation Licence of Flat 8 Plan 26634 embodied in Register WN MO 10012 Transaction ID 2932752 Search Copy Dated 3/12/18 9.42 am Page 1 of 3 Client Reference Waterford R/E SAMPLE - FOR STUDY PURPOSES ONLY COMPUTER INTEREST REGISTER Wellington UNDER LAND TRANSFER ACT 2017 Land Registry Search Copy 1 Writer Identifier WN11C/1010 Irma Writer Registrar-General Land Registration District Wellington of Land Date Issued 1 November 1972 Prior References WN621/37 WN799/17 Type Licence to Occupy under Part VIIA Land Transfer Act 1952 Legal Description Flat 6 Deposited Plan 26634 Registered Owners Brian Stewart Fisher and Elizabeth Jane Fisher Interests A400319 Variation of the covenants conditions and restrictions of the within licence - 9.8.1978 at 9.30am Transaction ID 2932752 Search Copy Dated 3/12/18 9.42 am Page 2 of 3 Client Reference Waterford R/ESAMPLE - FOR STUDY PURPOSES ONLY Identifier 727372 LOT 7 2101m BARROW ROAD (Legal road) - Transaction ID 2932752 Search Copy Dated 3/12/18 9.42 am Page 3 of 3 Client Reference Waterford R/E
