Hi all, I'm looking a buying a brick n tile type unit in Auckland. The units are all in a BC the cost of which apparently is just the insurance for the whole place. There is no official secretary or long term maintenance plan in place. The common property is just a driveway and the units each share a concrete block wall but they are offset so each units roof is not connected to the next.
I read everywhere that BCs are "legally obligated" to have, for example, a long term maintenance plan, but what are the actual consequences if one is not in place?
I read everywhere that BCs are "legally obligated" to have, for example, a long term maintenance plan, but what are the actual consequences if one is not in place?
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