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 1017 UNIT TITLE Search Copy Identifier Land Registration District Wellington Date Isword 04 December 2005 Prior References WNIS68 853 Eatate Stratum in Fromhold Area Unit C and Accessory Unit } Legal Description Deposited Plan Wellington 69707 Registered Owners Oka Leota, Simisi Leota and Waterford Trusice Company Limited The shove states are subject to the reservations, restrictions, encumbrances, liens and interests noted below and on the relevant unit plan and supplementary record sheet. D6122171 Mortgage In Bank of New Zealand - 4.12 2006 at 2.40 pma SAMPLE - FOR STUDY PURPOSES ONLY Identifier WINSA/764 SUPPLEMENTARY RECORD SHEET UNDER LAND TRANSFER ACT 2017 Search Copy Identifier Land Registration District Wellington 04 December 1995 Plan Number DP 69707 Prior References WN 2540813 Unit Titles Issued WHINA762 WNSSA76 WNBA/MM4 Fencing agreement in Transfer 225847 709785. 1 Champe of rules of the Body Corporate - 6.3.2014 at 9.05 amSAMPLE - FOR STUDY PURPOSES ONLY RECORD OF TITLE UNDER LAND TRANSFER ACT 2017 LEASEHOLD Search Copy Identifier 911214 Land Registration District Deic Isued 21 August 2013 Prior References WINISER 853 Exfate Leasehold Instrument LD 1223341 Area 62 square metres more or less Term Twenty one yours Legal Description Lot 2 Deposited Plan 23913 commencing 1.7.2015 (Right of renewal Registered Owners Desmond David Wing and Daisy Joy Wing Interests 80101432 Mortgage to Kiwibank Limited, 21 August 2018 at 12.$1 pm 3732314.1 Caveat to Johnson William Chan, 9 September 2018 4 9.32 amSAMPLE - FOR STUDY PURPOSES ONLY Identifier WNSA/764 AU AU Lomman property PUG Common property PUB PUA Common property SPRINGHELD WAY Legal road)SAMPLE - FOR STUDY PURPOSES ONLY Identifier 91 1224 LOT2 $72m' BRAR LANE (Legal road