Property round-up
New law for apartment blocks passed
A new law passed last week will see the creation and management of developments such as apartment blocks more streamlined.
The Unit Titles Act 2010 was passed in Parliament on April 1 and will see body corporates able to make decisions based on 75% agreement rather 100% unanimity.
"Under the old act, body corporates need unanimous agreement to undertake any maintenance or repairs on buildings," says Building and Construction Minister Maurice Williamson.
"That might have been appropriate when apartment buildings only had half a dozen units but is too restrictive in a building with 100 units or more."
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