he Court of Appeal looks at how costs for remedial works should be shared at Auckland’s Shangri-La apartments. Wikipedia notes Shangri-La is meant to be a “permanently happy land”, not so Auckland’s Shangri-La. The Court of Appeal was asked by the body corporate (i.e the owners) to look at:
Tag Archives | Unit Titles
Developers commonly become members of the body corporate committee, especially if units remain unsold or it is a staged development, so as to retain control.
The increasing demand for housing in Auckland has fueled a return of residential apartment developments. The availability of affordable apartments could be seen as a welcome relief to those struggling to get their foot in the rising Auckland property market.
The Department of Building and Housing has published a Unit Titles Amendment Bill consultation document dated 20 November 2012. They are seeking views on some proposed amendments to the Act and Regulations. Written submissions are due by 1 February 2013.
The Auckland High Court recently considered an application from Lihua Limited, against Body Corporate 366611, Theta Management Limited and BCS Limited.
By 1 October 2012 new body corporate operational rules are required under the Unit Titles Act 2010. Most bodies corporate have started to prepare replacement rules.
Most maintenance in NZ is left to the caretaker or facilities manager of a building who may be primarily employed in a ‘handy man’ role. Maintenance is expensive, and in the wrong hands could lead to high cost and very little improvement to a building.
The Unit Titles Act 2010 has been in force for over 8 months now. Most bodies corporate have had their first AGM under the new Act and made the necessary decisions. The next key date is 1 October 2012. By this date:
In the past all body corporate levies have been assessed on unit entitlements. Because unit entitlements are based on value, historically different owners using the same facilities could be required to contribute to costs to differing extents.