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About Land  

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kassie OWC
(@kassie-owc)
Active Member

Text

I have searched on mlol and found where i have shares. what is it worth to me in being a shareholder.
kia ora

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Posted : 09 January, 2007 10:24 pm
Retimana OWC
(@retimana-owc)
Eminent Member

Kia Ora Kassie,

quote:


I have searched on mlol and found where i have shares.



That shows several things.

1. You received these shares either by succession or gift to/from the previous owner.(Parents / whanau) This determined the land share portion you received.

2. That there is a Maori Land Court record (Minute Book ... Court Order) showing when, where, why, who and how this came about...details.

3. For the shares you discovered in the mlol search: sqiz through the Land Block record (Title)for the land's details.
-Numbered list of Owners: that's who you have "shares-in-common" with.

-Size of property (Divide this by the total No. of owners = answer equals the amount you may own).

-Check the Land's Block Memorial Schedule. It will tell you what the current status of the land is and it's history.

Lots of now! Is it Revenue generating? Who/What administers the land/s? Is it Rated? How much? Who pays?

Go to Land Block/s local District Council; give them the address and land Block details of each property (you have shares in). Ask for a print out. That will tell you all you should know. Capital Value, +$ -$, etc.

Well Kassie, that's plenty of mahi for you to being going on with.

Now as to

quote:


What is it worth to me being a shareholder.


I guess it comes down to your own personal value system. Is the land your

Turangawaewae?

. This question I give back to you to answer!

Kia Ora Ano.

ReplyQuote
Posted : 10 January, 2007 8:59 am
kassie OWC
(@kassie-owc)
Active Member

TextText

Kia ora Retimana

Thank you for you valuable input and time, I hope I didnt come across as if I am searching for monetary reasons.. As I know I have shares, its like am I a voice when there is so many other shareholders, headwise and paper wise I have land but, I could live the rest of my life, not inputting into it..
however I will contact Maori Land Court.

thank you again

ReplyQuote
Posted : 10 January, 2007 2:15 pm
Retimana OWC
(@retimana-owc)
Eminent Member

Kia Ora Kassie,

Sorry, I didn't mean to appear critical of you or of your search approach.

I understand what you are saying about the amount or portion of a share viz number of shareholders/owners in a property and your wanting to make a contribution to doing what needs to be done for the good of all shareholders and the property.

I have heard my own siblings refer to a share being "no bigger than a fingernail". Of course, this is a real stretch of the truth but what I do know, is this, if that 'fingernail' was situated in our homestead property, there is no way that they would reliquish ownership of it.

Enjoy your journey of discovery.

Kia Ora ano.

ReplyQuote
Posted : 11 January, 2007 11:51 am
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