Question
Olive also owns an investment property in Papakura,which is divided into two flats, each of which is leased. The lease of each flat contains cl
Olive also owns an investment property in Papakura,which is divided into two flats, each of which is leased.
The lease of each flat contains cl 65, which reads as follows.
The lessee will join and maintain membership in any Remuera neighbourhood watch scheme set up by the lessor. She leased Flat 1 out to Fred in 1980 for 60 years. During the 1980s,the lessee's interest was assigned a number of times. The current lessee of Flat 1 is now Elizabeth who took assignment of the leasehold interest in 2009. The lease has not been registered under the provisions of the Land Transfer system. Elizabeth comes to you for legal advice. She wants to know:a.Isshe required as lessee under the Flat 1 lease,to be a member of Olive's neighbourhood watch scheme?b.What difference would it have made to your answer if the leasefor Flat 1commenced in 2009 (not in 1982) and Fredassigned the lessee's interest to herein 2010?. What difference would it make to any ofthe answers above,if the lease for Flat 1 wasregistered under the provisions of the Land Transfer Act 2017?
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