Unittitles.govt.nz
Healthy homes standards » Unit Titles
WebThe healthy homes standards introduce specific and minimum standards for heating, insulation, ventilation, moisture ingress and drainage, and draught stopping in rental properties. The healthy homes standards became law on 1 July 2019. Private rentals must comply within 120 days of any new or renewed tenancy after 28 August 2022, with all
Actived: 6 days ago
URL: https://www.unittitles.govt.nz/buying-or-renting-a-unit-title/healthy-homes-standards/
Unit Titles Act and Regulations » Unit Titles
WebThese act as a handbook of operational guidelines. If you own a unit title, you should also be familiar with the regulations. Unit Titles Regulations 2011 : include rules for body corporate meetings, elections, disclosure for sellers and more. Unit Titles (Unit Title Disputes – Fees) Regulations 2011 : outlines the fees for resolving disputes.
Ensuring adequate planning for maintenance » Unit Titles
WebAll body corporates must have a plan that covers at least 10 years. Large unit title developments (10 or more units) must have a LTM plan covering a period of 30 years from the date of the last review. For these LTM plans, there must be detailed costings for the first 10 years of anticipated maintenance, and 20 years of high-level maintenance
Changes to the Unit Titles Act » Unit Titles
WebThe changes to the Unit Titles Act and the Regulations came into force across 3 key dates: Changes to support remote attendance at meetings came into force on 9 December 2022. Most of the changes came into force on 9 May 2023. Provisions that needed further regulatory development or preparation by the sector came into force on 9 May 2024.
Managing body corporate finances » Unit Titles
WebThe body corporate has financial powers and responsibilities under the Unit Titles Act. These include: collecting levies from owners. borrowing and investing money. paying the body corporate’s expenses. keeping records and preparing financial statements.
Body corporate: how it works » Unit Titles
WebThe body corporate has powers and duties under the Unit Titles Act. These include: Maintenance of shared areas. Holding a register of unit owners. Preparing the financial statements. Insurance of the property. Setting the operational rules. Full body corporate powers and duties are in Section 84 of the Unit Titles Act.
Electing the chair and committee » Unit Titles
WebThe chair and committee members are elected each year. The body corporate must hold elections at each annual general meeting (AGM). As well as a chairperson, you may need to elect: Body corporate committee members. If your body corporate has a committee, you must elect new members. You can also re-elect the current ones.
Privacy and the Unit Titles Act » Unit Titles
WebThe Unit Titles Regulations 2011 (the Regulations) sets out specific privacy rules for the register of unit owners. Only the chairperson of the body corporate, the body corporate committee or a person approved by the body corporate can search the register for the limited purposes stated in the Regulations. This protects the privacy interest of
Setting the operational rules » Unit Titles
WebOperational rules help the body corporate manage the unit title complex. The Unit Titles Regulations 2011 include default rules. These cover things that apply to most unit title properties. Your body corporate can add to or change these rules to suit your property. It’s a good idea to get legal advice before making any changes to the rules.
Body corporate money and maintenance » Unit Titles
WebThe body corporate has financial powers and responsibilities under the Unit Titles Act. Managing contracts with service providers. Contracts between the body corporate and a professional contractor are usually entered for a period of at least one year. Maintenance. The body corporate repairs and maintains the common property.
Body corporate committee and chairperson » Unit Titles
WebThe body corporate must elect a chair at each annual general meeting. The chairperson of the body corporate will also be the chairperson of the body corporate committee, unless the body corporate decides the committee chairperson will be elected by the committee. The chairperson’s duties include: Preparing agendas and chairing meetings.
Governance of bodies corporate » Unit Titles
WebInformation bodies corporate and body corporate managers must keep for 3 years. The Unit Titles Act allows the Regulator to request relevant information from bodies corporate or body corporate managers if it is reasonably required for its functions and powers under the Unit Titles Act. These functions include monitoring compliance with the Act
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