The Guardian Right Registry is a management tool that leverages innovative agreement terms with affordable housing solutions that provide society and investors with opportunities focused on housing affordability, equity creation, and cost of living reductions. Completing our research in 2024, the GRR is now operational and actively implements property solutions to enhance the housing market.
Over the past 40 years in the housing industry, we observed that many commonwealth countries and states, including Australia, New Zealand, England, and India, distinguish between Land and the Capital Improved Value (CIV) on their rates notices. These countries often classify CIV as appurtenances, or "the extras left with the land," however, legal definitions evolve, especially when these appurtenances are essential for land business operations, at which point they are considered as fixtures.
In terms of real property, which includes rights and agreements that "run with" the land, ownership is defined by the relationship to the object. Currently land and fixtures are connected through mortgage agreements. but when defined separately, fixtures can be owned separately from the landholding but united under terms. This ensures that the landholding registered at the Titles Office, is not without its fixtures, but its fixtures have a relationship with another party, and that interest is registered at the Guardian Right Registry.
As owners of real property, individuals have the flexibility to expand their holdings, sell portions from their holdings, build, rebuild, and remove structures as they wish. They can lease all or part of their property or sell an equity share through a term’s agreement. Setting up the Guardian Right removed the complexity of numerical percentages and specific terms legislated for housing units, retirement villages, land trusts and leaseholds, which has provided the clarity required for a favourable and lasting result.
Defining a Guardian Right as an equitable interest in a property and specific property share, avoids complications and does not necessitate changing the title, while ensuring compliance with existing laws, was a challenging yet rewarding endeavour.
For 9 years we have offered the Australian and New Zealand governments, real estate institutes, charity groups, and housing research facilities this information and more, and no doors have opened to give the people a choice to reverse the trends it seems these governing bodies would like to perpetuate.
The Guardianship housing system has been a work in progress, many sets of lawyers have been engaged, and most tried to box our outcome into the tenancy act, yet there was one who was new to property law who was not inducted in the old ways and actually understood what I wanted to achieve.
What I was asking I had already achieved years earlier with Vendor Terms agreements and special conditions over some of the 40+ properties I had owned over my time in the investment game, but I was after more than that.
Today, my commitment to this project has achieved more than I expected.