Cross-lease titles in Richmond Heights
LINZ records 75 cross-lease titles in Richmond Heights, 6.9% of its 1,085 live titles: well below Taupo District as a whole (11.8%) and below New Zealand (8.7%).
Richmond Heights: cross-lease titles
- Cross-lease titles
- 75
- Share of live titles
- 6.9%
- Taupo District share
- 11.8%
- New Zealand share
- 8.7%
- Rank by share in Taupo District, among suburbs with 50+ cross-lease titles
- 8 of 11
How the cross-leases in Richmond Heights are set up
Carports appear in fewer leases (3% of schemes, against 13% nationally).
Three-flat schemes are less common here (3%, against 12% nationally).
Separate exclusive-use areas are more common (18% of schemes, against 5% nationally).
| Scheme structure | Richmond Heights | Taupo District | New Zealand |
|---|---|---|---|
| Cross-lease schemes (shared sections) | 39 | 1,564 | 87,651 |
| Two-flat schemes | 97.4% | 87.9% | 76.2% |
| Three-flat schemes | 2.6% | 7.0% | 12.2% |
| Four or more flats | 0.0% | 4.7% | 11.4% |
| Typical section size (from the titles, not a survey) | 884 m² | 1,012 m² | 908 m² |
| Typical land per flat | 442 m² | 506 m² | 408 m² |
| Schemes with a garage written into a lease | 33.3% | 24.6% | 28.4% |
| Schemes with a carport in a lease | 2.6% | 5.9% | 13.3% |
| Schemes with a separate exclusive-use area | 17.9% | 9.8% | 4.5% |
| Schemes referring to more than one flats plan (usually redrawn; not by itself a problem) | 43.6% | 56.0% | 35.6% |
| Median year of earliest current title | 1989 | 1991 | 1988 |
| Two-flat schemes on 700 m² or more | 35 | 1,346 | 54,978 |
New cross-lease titles since 2020
5 of Richmond Heights's cross-lease titles were first issued since 2020: 4% of all its new titles in that time, against Taupo District (2%) (new cross-lease titles can follow a flats plan being updated, so they are not new schemes).