by AlexanderDorrington | Mar 25, 2011 | Unit Titles
We have written previously about body corporate rules considered ultra vires by the Courts. Contracts entered into beyond the powers conferred by the body corporate rules will be void and unenforceable. On 21 February 2011 the High Court gave its judgement...
by AlexanderDorrington | Mar 25, 2011 | General property Law, Unit Titles
The start date for the new Unit Titles Act draws ever closer but remains unknown. We are still waiting on regulations that are needed to make the Act workable. The NZ Law Society was recently involved in discussions with the Department of Building and...
by Denise Marsden | Feb 21, 2011 | Unit Titles
Another interesting bill was proposed just before Christmas, the “Weathertight Homes Resolution Services (Financial Assistance Package) Amendment Bill”. If passed this would enable people with leaky homes to settle with the Government and Council for up to 50%...
by AlexanderDorrington | Nov 8, 2010 | General property Law, Unit Titles
Cabinet has agreed what the regulations to the Unit Titles Act 2010 will cover. It appears we will be given a mix of regulations (prescribing mandatory requirements) and consumer guidance documents (to enable the minimum requirements to be added to if a body corporate...
by AlexanderDorrington | Oct 18, 2010 | General property Law, Unit Titles
The UTA2010 requires 3 disclosure statements to be given by the seller of a unit to a buyer of a unit. These are:• The pre-contract disclosure statement – to be given before an agreement for sale and purchase is entered into • The...
by AlexanderDorrington | Sep 20, 2010 | General property Law, Unit Titles
Just what does happen to insurance money if your unit title is damaged and a claim is made on insurance? There is a statutory obligation on each body corporate to insure all buildings and other improvements for replacement value. The insurance must cover...
