When you buy a unit title, you automatically become a member of the body corporate, which is made up of all the unit owners acting as a group.

You will usually pay an annual fee (a levy) to the body corporate, which will go towards budgeted body corporate expenses. The fee will include costs like insurance and management expenses (by an external contractor), contributing to a long-term maintenance fund (LTMF) and any services the body corporate arranges for its members (for example, rubbish collection and cleaning communal areas). Any body corporate costs that have not been included in the budget are also payable by the unit owners, usually by way of a special levy.

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Going to an open home? Learn how to identify problems and potential issues with a property at an open home before you are too far into the purchase process.

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When buying a unit title, the seller must give you the following information about the unit and the body corporate before you buy:

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We offer a variety of templates that can be customized to suit your preferences. With the help of our easy-to-follow customization wizard, you can quickly design a custom prohibition sign that carries your text and message in the font style and material of your choice. Our CSR team is also ready to help you create a sign of your choice, at no extra cost!

Your choice of a prohibition sign will depend on the behavior you wish to prohibit at your property. You may want to discourage smoking, loitering, walking on grass, graffiti, concealed weapons, soliciting, and so on. Apart from 100s of stock designs, you may also choose to get your own prohibition message on the sign with the help of our custom templates.

Prohibition signs and symbols

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Unit title ownership, also known as a ‘strata title’ or ‘stratum estate’, is most common in a building where there are multiple owners, like townhouses, units or apartments.

You should install prohibition signs strategically at places where they will be clearly visible. Identifying spaces where the behavior/activity you want to prohibit is most likely to happen can go a long way in preventing it from happening. Entrances, lobbies, fences, etc., make for good placement options. For outdoors, yard signs with stakes are a great option for maximum conspicuity and compliance.

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Anyone who wishes to communicate behaviors that are not welcome should use prohibition signs. These signs can convey relevant messages for private properties, communities, workplaces, hospitals, hotels, businesses, schools, etc.

Prohibition signs and their meanings

Our Prohibition Signs are available in different sizes and a variety of designs, formats, legends, graphics, and installation modes. You may choose from heavy-duty aluminum, plastic, and vinyl material options depending on expected usage and indoor/outdoor installation.

Chatting with other owners of units, apartments or townhouses can be beneficial. Not only will they be able to give you their opinion on what it’s like to live at the property, but they will also be able to give you an owner’s perspective on how the body corporate functions – if it has been working well, if any works are outstanding or if there are matters that have not been logged in the body corporate meeting minutes.

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Body corporates handle the management and maintenance of the building and property. Most day-to-day decisions of the body corporate can be made by a body corporate committee or with the agreement of 50% or more of the unit owners. Some decisions will require the agreement of 75% or more of the unit owners. The body corporate must hold an AGM (annual general meeting) at least once a year to discuss issues and vote on them.

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The Ministry of Business, Innovation and Employment have a site called unittitles.govt.nz(external link), which covers everything you need to know about unit titles, including unit owners’ responsibilities, how body corporates work, money and maintenance and a short guide to unit titles.

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Prohibition signs with names

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Once you find an agent they will get you to sign an agreement, a legally binding contract between you & your real estate agent. Learn more about agent agreements.

Understanding the different kinds of home ownership in New Zealand can be confusing. Buying a unit title property, such as an apartment or townhouse, means you automatically become part of a body corporate, but what does this mean for you?

As a unit title owner, you own your apartment or unit outright and anything else listed in the record of title, such as garages, car parks and private outdoor areas. You also have an undivided share of the common property, such as lifts, lobby areas, driveways and shared gardens.

Prohibition signs in the workplace

As with any property purchase, it’s wise to seek legal advice. Your lawyer or conveyancer can help you understand the body corporate rules, your obligations and what you can and can’t do with your apartment or townhouse.

When buying any property, it’s important that you do your homework. Here are some questions you may wish to ask when buying a unit title:

Making an offer on a house is a big decision. Learn about sale and purchase agreements, different buying methods and multi-offers so you can make an informed decision.

Property is owned in many ways & can impact on your buyer rights. Learn about the types of property ownership including; freehold, leasehold, unit title & cross lease.

Thinking of buying a home? Use our mortgage calculator to work out your costs. Calculations are based on the interest rate(s) being constant for the term of the loan(s).

Owning a unit title means there are different obligations to your standard house and land ownership. They are governed by the Unit Titles Act 2010(external link), which sets out the rights and responsibilities of a unit title owner, so that the group of units can be managed effectively.

When buying a unit title property, it’s important that you have a clear understanding of what you’re committing to. Remember that you will be sharing common property and responsibilities with those around you.