RES420 Fundamentals of Real Estate
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.
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.
Note: If you've already explained 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 in each title.
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 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 RECORD OF TITLE UNDER LAND TRANSFER ACT MIT FREEHOLD Search Copy Identifier 717171 Land Registration District Wellington Date Issued 1 November 1972 Prior References WIN 621/37 WN 79WIT Estate Fee Simple Area 2101 square metres more or less Legal Description Lot 7 Deposited Plan 39201 Registered Owners Valley View Apartments Limited Decupation Licence of Flat 1 and Garage | Plan 26534 embodied in Register WN 110/1001 Decupation Licence of Flat 2 and Garage 2 Plan 26534 embodied in Register WN 1IC/1002 Decupation Licence of Flat 3 and Garage 3 Plan 26534 embodied in Register WN 1IC/100] Decupation Licence of Flat 4 and Garage 4 Plan 26534 embodied in Register WN 110/1004 Decupation Licence of Flat S Plan 26634 embodied in Register WN 11071009 Decupation Licence of Flat 6 Plan 26634 embodied in Register WN 110/1010 Occupation Licence of Flat ? Plan 26434 embodied in Register WN 1IC/1091 1 Occupation Licence of Flat & Plan 26634 embodied in Register WN 110/10912 SAMPLE - FOR STUDY PURPOSES ONLY COMPUTER INTEREST REGISTER UNDER LAND TRANSFER ACT N17 Search Copy Identifier Land Registration District Wellington 'Land Date Isared I November 1972 Prior References COMBINM LETZSNA Type Licence to Occupy under Part VIIA Land Transfer Act 1952 Legal Description Flat & Deposited Plan 26534 Registered Owners Brian Stewart Fisher and Elizabeth Jane Fisher 61 EODTY Variation of the covenants conditions and restriction of the within license - 9.6 1978 it 9 3 Dam
