Task 1:First home buyers

1. 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. 727372.

SAMPLE - 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