What is a Defective Cross Lease Title?

A defective cross lease title can arise where the buildings and areas on a cross lease no longer match those shown on the flats plans. Further complexities can arise if the changes to the buildings were conducted without obtaining the required consents from Council, or approval from the other owners on the cross lease.

As the name suggests, a defective title can be a serious issue that may affect the ability to obtain lending on the property and substantially reduce the potential sale price. Civix’s experts can swiftly remedy this, maximising value for vendors and mitigating issues for purchasers.

While we can readily assist with flats plan updates if this is your preferred approach, we generally recommend investing in a full cross lease conversion instead to help avoid future issues associated with cross lease titles.