Unit Titles Bill makes management easier
Addressing the Wellington Property Investors' Association yesterday, Minister of Housing, Phil Heatley says the amended bill "will also streamline and simplify the way multi-unit developments are managed."
Heatley says the original 1972 act is not adequate for today's large-scale, complex developments.
It is estimated that within 50 years, half a million people in the Auckland region will be living in apartments, townhouses and high-rise buildings, and therefore "it is important legislation in this area meets the needs of people today and in the years to come."
He says legislation in the bill will manage mixed-use developments better. A block with retail units at street level and apartments above could be managed by separate bodies corporate but be a member of a head body corporate with over-all responsibility for the building.
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