Sharechat Logo

Unit Titles Act unsophisticated

By Christine Nikiel

Friday 5th September 2003

Text too small?
Property professionals are being targeted for a seminar to debate reviews of the Unit Titles Act (1972).

The seminar, in Auckland on September 16, follows a report by the Auckland Regional Council and law firm Glaistor Ennor, which demands urgent reviews to the Act.

The Act is not sophisticated enough to regulate the relationships and rights involved in common property ownership, the report says.

It suggests reforming legislation and rules to better reflect different development types such as high-rise apartments, terraced houses and commercial outlets. Other reforms include defining the job descriptions and performance standards of those involved in the administration of bodies corporate, providing better asset management systems and more accessible and effective ways to resolve disputes.

Body corporate disputes highlighted recently include a High Court judgement which ordered Auckland property manager Strata Title Administration (Strata) to pay $50,518 to one of its body corporates (NBR, August 29, 2003).

The body corporate group said Strata, run by Michael Chapman-Smith, withheld body corporate funds and refused to step down as body corporate secretary, claiming that technically it still held the position.

That judgment is expected to be followed by further legal action by other body corporates under Strata's management.



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Pushpay buys Colorado rival for US$87.5m
Xero chair to retire early as family’s health comes first
Business leaders quiz finance minister on capacity to spend $12b
House prices are accelerating again, even in Auckland
13th December 2019 Morning Report
Tourists still coming but growth is slowing
Peters backs StuffME merger bid
Supplements, skincare firm poised for reverse listing
NZX, EEX eye carbon auction opportunity
A2 Milk boss steps down, shares fall 7.7%

IRG See IRG research reports