RES420 assignment 2
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: identify the current owner's of each home, and 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. (Your answer for each certificate of life should be up to 200 words.J The titles to be explained are: 1. WN711/236 2. WN127/480 3. WN58A 764. 4. 911224. 5. 727372. (b) Lucy says, 'I have an idea of what a mortgage is, but can you please explain this and the other interests on these titles? Some of these things sound as if they might impact on what we can or can't do if we bought one of these properties. We really don't want to make a mistake!" Identify and explain the interests registered on each certificate of title listed in (a) above. Note: If you've already explained an interest in a previous title, you don't need to provide a further explanation of the same type of interest in subsequent titles. However, you must identify all interests on each title. (The explanation of each interest should be up to 200 words.) (c) Tom says, "I've been talking to our lawyer, and she says there's also something called limited as to parcels. She doesn't think we need to worry about that. Can you please give us a briel explanation?"SAMPLE - FOR STUDY PURPOSES ONLY RECORD OF TITLE UNDER LAND TRANSFER ACT 2017 Land FREEHOLD Search Copy Identifier WN711/236 Beginrar-General Land Registration District Wellington 7 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 C81 1237.1 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 Theaction ND 2932732 Starch Copy Dowd 3/TVTS $42 aw Page ! of ]SAMPLE - FOR STUDY PURPOSES ONLY RECORD OF TITLE UNDER LAND TRANSFER ACT 2017 CROSS LEASE Search Copy Identifier WN127/488 Kai Writer Land Registration District Wellington 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 1075371.1 Term 999 years commencing on 31 March 1988 Legal Description Flat I 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 S479955 Building Lime Restriction (Affects Fee Simple) BO75371.1 Lease of Flat I and Garage | 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) 161 9691.2 Mortgage to ANZ Banking Group (New Zealand) Lid - 5 December 2017 at 9.13 am Search Copy Daved MINTS 9.42 aw Page I of 1 Wifeal Reference Waregard ATSAMPLE - FOR STUDY PURPOSES ONLY Identifier WN711/236 SEDDON STREET [Legal road A. C.W & SERVICES LOT 1 EASEMENT LOT 1 637mSAMPLE - FOR STUDY PURPOSES ONLY Identifier WHIZ7/498 back with DP 48361 pingela real AMBROSIA AVENUE [Legal roach) FLAT I FLAT 2 Building Ing CHESTERFIELD DRIVE (Legal road)
