Assignment 2

Task 1:First home buyers

1. You are working with customers, Tom and Lucy Bradshaw, who are keen to purchase their first home. Over a period of about 3 weeks, you have shown them several properties, and they've shown considerable interest in five of them. You have given them a copy of the certificate of title for each of these properties.

(a) Tom and Lucy mention that they are rather confused by the titles of the five properties. They ask you to:

(i) identify the current owner/s of each home, and

(ii) explain each property in terms of tenure. In your explanation, describe how the tenure affects the rights and obligations of the owners. You can access the certificates of title from the Assessment area of this course.

The titles to be explained are:

1. WN711/236.

SAMPLE - FOR STUDY PURPOSES ONLY RECORD OF TITLE UNDER LAND TRANSFER ACT 2017 Land FREEHOLD Search Copy Identifier WN711/236 Beginrar-General Land Registration District Wellington 7 Land Date Issued 10 March 2014 Prior References WN21/773 Estate Fee Simple Area 637 square metres more or less Legal Description Lot 2 Deposited Plan 973211 Registered Owners John Michael Bryant and Susan Mary Bryant Interests C81 1237.1 Mortgage to Westpac Banking Corporation - 10.3.2014 at 9.08 am Appurtenancereto is a right of way and sewerage drainage and water drainage rights specified in Easement Certificate D322385.4 - 10.3.2014 at 9.10 am Theaction ND 2932732 Starch Copy Dowd 3/TVTS $42 aw Page ! of ]SAMPLE - FOR STUDY PURPOSES ONLY Identifier WN711/236 SEDDON STREET [Legal road A. C.W & SERVICES LOT 1 EASEMENT LOT 1 637m