What is a fee simple title? Let me tell you in plain English, it is the highest estate you can hold in land next to the Crown. Ownership of an estate in fee simple is not limited by time and continues indefinitely. This type of ownership comes with a load of rights, such as to dispose of the property by will, by gift or sale. There are of course statute limitations if the land is controlled by the Resource Management Act 1991 or if the property is to be sold to someone overseas. They would be affected by the Overseas Investment Act 2005. Warm regards Kim Matheson Principal Property Conveyancing Services
Tag: Matheson
Why a Title Search is Important?
August 17, 2009
When ever you list a property you should always complete a Title Search:
1. It identifies the legal registered owner of the property and who has the right to sell.
2. It identifies the correct legal description of the property to be noted on the Agreement or Contract.
3. It identifies the area/size of the land.
4. A search of the Title Plan will identify the boundaries of the property.
5. It identifies the encumbrances to be discharged from the Title.
6. It identifies the encumbrances and interests which will remain on the Title.
7. It identifies what type of title i.e fee simple, leasehold, cross lease, maori land or strata title. Each of these titles has different estates.
8. It ensures the correct property is being transferred.
9. It identifies any building restrictions or resumptions.
10. It identifies the use of the land.
In essence make sure you order all necessary searches and read them. If you don’t understand the searches check with someone who does your Conveyancing Practitioner. You don’t want any nasty surprises, for your client’s, your boss or your professional indemnity insurer.
We have search requests available online @ http://propertyconveyancingservices.com/online-title-search-request-form.html . The importance of a little homework can go a long way to establish trust with your clients now and in the future.
More importantly as quoted by Stephen Covey – “Trust is the cash of the new economy”
Cheers Kim 
