Leasehold titles in Marewa
LINZ records 275 leasehold titles in Marewa, 11.5% of its 2,384 live titles: above Napier City as a whole (8.4%) and well above New Zealand (1.2%).
- Leasehold titles
- 275
- Share of live titles
- 11.5%
- Napier City share
- 8.4%
- New Zealand share
- 1.2%
- Rank by share in Napier City, among suburbs with 50+ leasehold titles
- 5 of 9
Across New Zealand its share is in the top quarter of the 137 such suburbs.
Lease terms in Marewa
253 of 275 are ground leases and 22 leasehold units; the largest group, 52%, comprises leases with more than 50 years of stated term left.
| Stated lease term | Titles |
|---|---|
| Stated term has ended | 52 |
| Under 10 years left | 0 |
| 10 to 50 years left | 0 |
| More than 50 years left | 142 |
| Term mentions renewal | 17 |
| Term not stated or not readable | 64 |
New leasehold titles since 2020
5 of Marewa's leasehold titles were first issued since 2020: 3% of all its new titles in that time, against Napier City (2%).