Freehold
The most complete form of property ownership in New Zealand, giving the owner full rights to both the land and any buildings on it.
What is a Freehold?
Freehold (also called fee simple) is the most straightforward and desirable form of property ownership in New Zealand. The owner has complete ownership of both the land and any buildings, subject only to any registered interests (easements, covenants, mortgages) and statutory requirements (resource consent, building consent).
Unlike cross-lease or unit title, freehold owners don't need permission from co-owners to make changes to their property. You have full control over renovations, landscaping, and land use — within council rules and any registered restrictions.
Freehold is generally the most expensive title type, but it offers the greatest flexibility and fewest complications.
Why It Matters for Due Diligence
While freehold is the simplest title type, due diligence is still essential. Check for registered interests (easements, covenants) that may restrict use. Verify the property boundaries match what you expect.
Always obtain a LIM report and building inspection regardless of title type.
How to Check
The title type is shown on the certificate of title from LINZ. Your lawyer will confirm the title type and review any registered interests as part of standard conveyancing.
Frequently Asked Questions
Is freehold always the best title type?
Freehold offers the most freedom, but it's not always the best value. A well-managed unit title apartment or a tidy cross-lease property can be excellent purchases at a lower price point. The best title type depends on your needs and budget.
Can a cross-lease be converted to freehold?
Yes. All co-owners can agree to subdivide the land into separate freehold titles. This requires a survey, council consent, and agreement from all parties. Costs typically range from $15,000-$30,000 per unit.
Related Terms
Cross-Lease
GlossaryA form of property ownership where multiple owners share the freehold of a single piece of land and lease their individual dwellings from each other.
Unit Title
GlossaryA form of property ownership for apartments, townhouses, and other multi-unit developments where each owner holds title to their individual unit and shares ownership of common property.
Leasehold
GlossaryA form of property ownership where you own the buildings but lease the land from a separate landowner for a set period.
Easement
GlossaryA legal right allowing someone to use part of another person's land for a specific purpose.
Covenant
GlossaryA legally binding restriction or obligation attached to a property's title that controls how the land can be used.
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