Cross-lease titles in Tinwald
LINZ records 61 cross-lease titles in Tinwald, 2.7% of its 2,223 live titles: well below Ashburton District as a whole (5.6%) and well below New Zealand (8.7%).
- Cross-lease titles
- 61
- Share of live titles
- 2.7%
- Ashburton District share
- 5.6%
- New Zealand share
- 8.7%
- Rank by share in Ashburton District, among suburbs with 50+ cross-lease titles
- 5 of 5
By share it is the lowest of 5 in Ashburton District, among suburbs with 50 or more cross-lease titles; across New Zealand it is in the bottom tenth of the 559 such suburbs.
How the cross-leases in Tinwald are set up
Carports appear in fewer leases (4% of schemes, against 13% nationally).
Three-flat schemes are more common here (19%, against 12% nationally).
Fewer schemes refer to more than one flats plan (23%, against 36% nationally), usually because a plan was redrawn.
| Scheme structure | Tinwald | Ashburton District | New Zealand |
|---|---|---|---|
| Cross-lease schemes (shared sections) | 26 | 431 | 87,651 |
| Two-flat schemes | 73.1% | 65.7% | 76.2% |
| Three-flat schemes | 19.2% | 17.6% | 12.2% |
| Four or more flats | 7.7% | 16.2% | 11.4% |
| Typical section size (from the titles, not a survey) | 828 m² | 954 m² | 908 m² |
| Typical land per flat | 357 m² | 352 m² | 408 m² |
| Schemes with a garage written into a lease | 19.2% | 28.5% | 28.4% |
| Schemes with a carport in a lease | 3.8% | 9.0% | 13.3% |
| Schemes with a separate exclusive-use area | 3.8% | 2.3% | 4.5% |
| Schemes referring to more than one flats plan (usually redrawn; not by itself a problem) | 23.1% | 21.3% | 35.6% |
| Median year of earliest current title | 1978 | 1983 | 1988 |
| Two-flat schemes on 700 m² or more | 12 | 188 | 54,978 |