Purchasing a unit titled property can be a complex matter with several rules and complexities to consider. It is essential to have a good understanding of the specific circumstances of property you are entering into before you commit.
We suggest looking into the following:
- Check out the facilities and consider details such as parking arrangements and waste disposal systems.
- Understand your responsibilities and Body Corporate rules you must comply with.
- Do your research: consider additional information you may need to request including the insurance policy for the property, and information about any liabilities such as maintenance fees, and repair bills.
- Ask for a disclosure statement
- Consider your neighbours
- Have a professional check that the dwelling is structurally sound and weathertight.
For more information and to access a guide on unit titles, click the below link:
https://www.unittitles.govt.nz/buying-or-renting-a-unit.../