Unit Titles Act 2010

Changes In The Unit Titles Act 2010
The Unit Titles Act 2010 has replaced the earlier legislation and brings changes in the way your Body Corporate is administered and maintained.

If you have any questions about the legislation’s impact on your Body Coporate, we’re happy to help. Just give us a call on 0800 7 STRATA to talk with a member of our team.

Some changes in the management of your Body Corporate are:

  • Unit Entitlements are now known as Ownership Interests and may result in changes to the way levies are set
  • The Tenancy Tribunal will hear most disputes
  • A new role has been created for the Chairperson of the Body Corporate
  • Body Corporate Committees have new powers and duties
  • The financial regime of a Body Corporate has changed
  • It’s easier to get quorums at Body Corporate meetings
  • Voting can be by means of one vote per unit, or by a poll
  • There are now a range of compulsory matters that must be decided by a Body Corporate by special resolution
  • All resolutions for consideration at a general meeting must be written into the agenda
  • The Body Corporate must have a long-term maintenance plan
  • Overseas owners must appoint a New Zealand-based owner’s agent
  • The disclosure regime for buyers, sellers and developers has been considerably extended
  • The Body Corporate must maintain the exterior of the building, the roof, and the building’s main elements and infrastructure