Is this cross-lease a problem?
The bottom line
If the house has changed shape since the flats plan was drawn, the title is defective and the bank may not lend.
A cross-lease means you own a share of the land with your neighbours and lease your flat from them all. The flats plan on the title shows the footprint of each building. If the footprint today does not match, because of a conservatory, a carport or an extension, the title is defective.
Defective is fixable, but it costs money and needs every neighbour's consent. The question is who pays and whether the bank will lend in the meantime.
Read this
The flowchart that unlocks cross-lease issues
Do this
Compare the flats plan to the aerial photo for any cross-lease you are considering
Check yourself
What does the flats plan on a cross-lease title show?
The footprint of each building at the time the plan was drawn.
What makes a cross-lease title defective?
A building footprint that no longer matches the flats plan.
Whose consent is needed to fix a cross-lease?
Every other owner on the cross-lease.
Talk it through
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