New Zealand Body Corporate Review

Body Corporate Due Diligence
Done in 30 Minutes

Upload your NZ body corporate documents and receive a full analysis within 30 minutes. Long-term maintenance plan health, special levy risk, outstanding defects, body corporate rules, and a prioritised red flag report — all in a shareable link you can send to your lawyer or agent.

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NZ Body Corporate — What Buyers Need to Know

New Zealand unit title properties are governed by the Unit Titles Act 2010. Every body corporate must maintain a long-term maintenance plan (LTMP) — a 10-year forward projection of major capital expenditures — and a long-term maintenance fund (LTMF) to fund it.

The pre-contract disclosure statement gives buyers some information, but the detail is in the documents themselves: AGM minutes, financial statements, the LTMP, and the body corporate rules. The pre-contract statement tells you the current levy; the minutes tell you what the committee has been arguing about for the past two years.

Auckland in particular has a significant body corporate market concentrated in the central suburbs, Parnell, Newmarket, and the CBD. Wellington's inner-city apartment stock is heavily body corporate. Many buildings constructed in the 1990–2010 period carry legacy weathertightness risk — we flag any mention of leaky building issues, EQC claims, or outstanding defects.

What Documents We Analyse

Long-Term Maintenance Plan (LTMP)
10-year capital plan. We assess funding ratio and flag shortfalls that signal a special levy risk.
AGM & Committee Minutes (2+ Years)
We surface weathertightness issues, deferred maintenance, disputes, and pending major decisions.
Financial Statements
Operating and maintenance fund balances, levy history, budget performance, arrears.
Body Corporate Rules
Pet restrictions, short-term rental rules, renovation requirements, parking, and noise bylaws.
Pre-Contract Disclosure Statement
Current levies, special levies, litigation, earthquake-prone building status, and insurer details.

What's in Your Report

Every NZ body corporate report covers the same comprehensive checklist

🚩
Risk Rating
HIGH / MEDIUM / LOW with full explanation
💰
Maintenance Fund Health
LTMF funding ratio, contribution trend, levy risk
🏚️
Weathertightness
Leaky building risk, EQC claims, remediation history
⚠️
Special Levies
Active, pending, and historical special levies
📋
Minutes Summary
Key decisions, ongoing issues, and disputes
🅿️
Unit Entitlements
Car park, storage, and exclusive use areas assigned to your unit

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NZ Body Corporate — Common Questions

Is a long-term maintenance plan required in NZ?
Yes. Under the Unit Titles Act 2010, body corporates with 10 or more principal units must have a long-term maintenance plan that covers at least 10 years. The plan must be reviewed at every AGM and updated at least every 3 years. A body corporate without an LTMP or with a plan that is significantly underfunded is a major red flag — it almost guarantees a future special levy for capital works.
What is the leaky building / weathertightness risk in NZ?
New Zealand experienced a widespread weathertightness crisis in buildings constructed roughly between 1987 and 2004, caused by the use of untreated timber framing and architectural styles that trapped moisture. Remediation costs can be significant — $50,000 to $300,000+ per unit in severe cases. We specifically look for any mention of weathertightness investigations, EQC claims, or remediation works in the body corporate records.
What is the pre-contract disclosure statement?
Under the Unit Titles Act 2010, vendors must provide a pre-contract disclosure statement to buyers before signing a sale and purchase agreement. It discloses current levies, special levies, known defects, litigation, earthquake-prone building status, and body corporate contact details. It is the starting point — not the complete picture. The AGM minutes and financial statements contain the full history that the disclosure doesn't show.

Don't Skip the Body Corporate Records

A body corporate report takes 30 minutes. A weathertightness issue takes years — and hundreds of thousands — to resolve.

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