Sustainable development – a joint undertaking

All towns require growth to be sustainable. With growth comes the opportunity to upgrade old infrastructure and modernize the area. Without growth, the only other source of income for the council to maintain current levels of service will be from Rates increases, which are unattainable. Alternatively, privatization with “pay as use ”model – Toll Roads, …

Limited Titles

Background Some titles have the wording “Limited as to Parcels” appearing underneath the title heading. This does not mean that the title is defective. It does mean that the area and boundaries of the land are not guaranteed. It was not always a requirement that land had to be surveyed as part of the subdivision …

Background: Cross Lease and Fee Simple Titles

Cross leases were a popular form of “subdivision” going as far back as the late 1960’s. In the earlier cross leases there was often no distinction made between common areas and exclusive covenant areas. Drainage was generally combined and kerb discharge for stormwater was common practice. This cost effective form of service provision ensured the …

New Unit Titles Act

The new “Unit Titles Act 2010” has come into effect in June 2011 and this replaced the 1972 Act. The new Act has far wider and better governance structures for Bodies Corporate and further clarification of the definition of Unit boundaries. The Unit Titles Act governs building developments where multiple owners hold a type of …

Is Property Investment Productive?

The Auckland Property Investment Association hosted a debate last night on the above topic. Auckland Property Investment Association president David Whitburn, argued for property being a productive investment while well know financial commentator Bernard Hickey, argued against. David Whitburn argued property investors contribute to the economy by creating jobs in the construction industry through the …