Expanding a principal unit into accessory ones.

[Vlad]

Hi everyone,

We consider buying a 2-brd townhouse in a unit title structure. The principal unit is located on the first floor right above its accessory unit on the ground floor, where the latter is an oversized garage with a storage room.
Looking for ways to add some value to it,...

[jc_sbc_12]

Hi,

We are refinancing a property which is under a unit title (body corp).

Do you know if the bank will require a PSDS (Pre Settlement Disclosure Statement)?

From my understanding its only if you are selling the unit.

Any idea if its refinancing?...

[Peter Griffin]

Good Afternoon,

I'm looking at purchasing an old motel. It has a 3 bedroom 'stand alone' house at the front. At the rear of the 3 bedroom house are 6 one bedroom units. All concreteblock (circa late70's). All the units are seperated by firewalls, all have seperate stormwater. Each unit...

[ronnie1]

Hi everyone, iam wanting to check if i own all 2 unit titled properties on a piece of land, can i demolish and build 1 single large house or build 3 smaller properties as an example? thanks

[MacG]

I'm hoping someone has some information on unit titles.

We have a 1970's townhouse in a until title structure, it is 1 of 3 (total land 1100 sqm) and we have added a minor dwelling on to our own 673sqm title 3 years ago with the other owners agreement. The owner of the Unit 1 is detached...

[Alexy]

Hi all,

I am now considering a unit which is for sale and is on the unit title with BC and collective ownership of land. I understand that this type is less attractive comparing to free hold and cross-lease. Is there a standard discount that accounts for this factor?

Let say...

[Winoryoulearn]

Hi Guys,

I am looking at a unit in Auckland that price has been dropped by 100k over the past 6 months. I have a question that I'm assuming will be a simple one for most on here: on the "title" document, it says the unit is a "title: 1/3 share fee simple" however,...

[chhj]

One big flaw of new act is privatization of common property, it saved body corp loads of maintenance funds. My first floor unit has unique access to front door, therefore all the maintenance of stair and handrail contributes to my own cost. Dont like the idea? Sure you can challenge, body corp can have...

[Dwirty]

Hi, do any members know if there are ways to divide a large (I.e. 15acres) into 1 acre parcels without going through the subdivision process? It is for a eco-living / communal living scheme that an active group of people are pursuing. Any thoughts or possibilities on way forward would be appreciated....

[schrodinger]

Does vendor have to provide complete pre-contract disclosure statement and pre-settlement disclosure statement when selling his/her unit title properties by law? Also does vendor have to provide meeting minutes for the past 5 years as well? I have placed an offer on one unit title property but later...

[mistajosh]

Hi all,

I own a unit in Aucklands North Shore, it is 1 of 6 units in the block. Over the last few years all of the common outdoor areas have been severely neglected and now there is rubbish, over grown plants and broken fences etc etc all over the place.

I am considering trying...