Articles

An Introduction to Subdividing a Property

by Peter J. Blogger
Subdividing is a process where land gets divided and a separate legal title is basically established for every new section that is created. If you're planning to subdivide a land, there are several complex as well as overlapping requirements you should be aware of. To know more about subdividing, read the article.

Subdividing is a process where land gets divided and a separate legal title is basically established for every new section that is created. The District Land Registrar establishes this title. It issues a certificate of title in Land Titles Office at LINZ (Land Information New Zealand) after getting an application as well as a subdivision plan.

You may have various reasons for subdividing your property. For instance, a residential section of yours may be too big now for your requirements or you might have a farm, which can be subdivided into different lifestyle blocks. Subdivision of land is generally controlled as well as restricted by several Acts, the most essential of which is RMA Act 1991. The Act brought in planning as well as subdivision control under one particular system. This Act's effect is to outlaw all the subdivisions unless they are specifically allowed by a District Plan rule or by resource consent.

If you're planning to subdivide a land, there are several complex as well as overlapping requirements you should be aware of-planning/council requirements, survey requirements, legal requirements and LINZ requirements. Your surveyor, lawyer or planner can assist you through all these steps for achieving the result you are actually aiming for. You can take help of Gulab Bilimoria, one of the most reputed subdivision consent consultants in NZ for getting the best result.

Just give special attention to the time as well as cost involved when you are considering to subdivide your property. It is nearly certain that a standard method will be very much lengthened by some sort of delays caused by, for instance:

  • any hearing, which is essential

  • the requirement to complete a particular work so that you can comply with the
    conditions, which are imposed

  • requirement to obtain the consents from council

  • preparation of the legal documents

After all, subdividing is an expensive affair. The costs that you would need to spend for this include the fees that are charged by the consultants, the local council, surveyors, engineers, LINZ and your attorney.

If you are depending on the proceeds of selling the land for financing a venture, you must be aware that it may be some time before receiving the money. A number of costs will need to be fulfilled at the different stages and it is unlikely that you will delay paying them. Moreover, it is unlikely that a a person lending the money will very much be prepared to treat the profits and adequate security for borrowing, which may be needed.





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About Peter J. Advanced     Blogger

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Joined APSense since, September 16th, 2013, From Sydney, Australia.

Created on Dec 31st 1969 18:00. Viewed 0 times.

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