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  1. #1
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    Default The Unit Titles Bill has been introduced........

    Came across this item in a newsletter I get.

    A bill intended to modernise the way apartment blocks are built and managed received its first reading in Parliament this week.
    The Unit Titles Bill has been introduced to make setting up unit title developments easier and more flexible, as well as to streamline and simplify the way multi-unit developments are managed.
    Housing Minister Hon Phil Heatley said the proposed changes will make unit title developments easier to manage and provide more clarity and flexibility for unit owners, bodies corporate and developers.
    "The old Unit Titles Act is out of date and is not meeting the needs of modern, intensive property developments", Mr Heatley said.
    "This Bill updates the Act at a time when apartment living is becoming increasingly popular.
    "I look forward to making the sort of real, concrete improvements to unit title legislation that those living in and working with unit title developments have been waiting for", he added.
    There are over 16,000 unit title developments in New Zealand with nearly 96,000 units. Around 70 per cent of these are residential - a trend which is expected to increase substantially in
    the future.
    The Bill was referred to the Social Services Select Committee and the public will soon have the opportunity to make submissions on the proposed changes.
    "There's one way to find out if a man is honest-ask him. If he says 'yes,' you know he is a crook." Groucho Marx


 

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