by AlexanderDorrington | Sep 22, 2015 | General property Law, Unit Titles
The Quays Body Corporate in Auckland (Body Corporate 198900) was recently before the High Court trying to get a declaration that the awnings erected by various bars that occupied the ground floor units should be removed at the cost of those owners.As the Court noted...
by Denise Marsden | Apr 7, 2015 | Leasing, Unit Titles
Leasing unit titles is more complex than other forms of leasing. The Unit Titles Act 2010 (UTA) and the body corporate operational rules will prevail over the lease. The landlord might only have a very small say in how that plays out. This depends on their individual...
by Debra Dorrington | Mar 10, 2015 | General property Law, Leasing, Subdivisions, Unit Titles
In the past, proxies were commonly used in the unit title setting. Developers would provide for them in sale contracts. Property managers would include them in leases of serviced apartments. It gave the developers and the managers the opportunity to control...
by Denise Marsden | Oct 16, 2014 | Unit Titles
When a unit title development is created a valuer must assess the ownership interest for each unit, which is essentially the relative market value of that unit compared with all of the other units. It’s possible for the body corporate to also establish a...
by Denise Marsden | Oct 16, 2014 | Unit Titles
Control Period and Turnover Disclosure The Unit Titles Act 2010 (UTA) treats a developer as being in control of a unit title development from the date the unit plan deposits until the date the developer (or its associates) owns or controls less than 75% of the votes...
by Denise Marsden | Jul 10, 2014 | General property Law, Unit Titles
With the Unit Titles Act 2010 (UTA), bodies corporate were required to implement a long term maintenance plan. By special resolution, a body corporate could opt out of having a long term maintenance fund. Most bodies corporate have plans. Not so...
