Boundary adjustments and redevelopments under the Unit Titles Act 2010.
The next key date and some problems with apartment conveyancing
Many agreements being signed now will be subject to the new seller's disclosure regime.
The Unit Titles Act 2010 introduces new concepts of 'ownership interest' and 'utility interest'. These replace the concept of 'unit entitlement'. These interests impact on the contribution an owner must make to unit title costs.
The impact of the Unit Titles Act on developers.
Here is a recent newspaper article discussing layered developments under the Unit Titles Act.
The Westin Hotel management contract is upheld as enforceable but the secretarial services contract is void.
The awaited unit title regulations are expected to cover a range of issues.
A Bill providing for leaky homeowners to get up to 50% of their repair costs from Government and Council has been proposed.
Cabinet has agreed what the regulations to the Unit Titles Act 2010 will cover.
The Unit Titles Act 2010 requires 3 disclosure statements to be given by the seller of a unit to a buyer of a unit.
Insurance proceeds don't usually get paid to the owner or the mortgagee when a unit title is damaged. The Unit Titles Act sets other requirements.
A brief look at body corporate rules found to be ultra vires by the Court to date.
Once the UTA 2010 commences, there are transitional arrangements that apply for 15 months. This is a short summary of the options, useful for a body corporate secretary/manager.
Webinars on the new Unit Titles Act
A list of legal issues to consider when buying a unit title.
Contrary to expectations, we hear the new Act is to commence in October (i.e. in just over 2 months).
How will the changes to the Unit Title Act impact on body corporate levies
The new Act is not yet in force as the regulations are being finalised. We expect it later this year or early next. Those involved in unit titles will need to be ready as the transitional arrangements are concerned only with the body corporate rules and maintenance.
The Unit Titles Bill is slowly working its way through. Hopefully we see a new Unit Titles Act this year because it is definitely needed.