Conflicts of interest to the fore in unit title reform debate

Conflicts of interest to the fore in unit title reform debate
Thomas Gibbons, who submitted on behalf of Auckland’s 400-unit Metropolis, highlighted conflicts as a key issue. (Image: Heart of the City)
Brent Melville
Owners in a 94-apartment high rise building in the Auckland CBD are facing a shared bill of up to $37 million for remediation related to leaky building issues dating back to 2012. It's a scenario that means individual owners are on the hook for more than $350,000 on average to fix faulty external cladding.It's also a prime example of the potential for conflicts of interest between owners of apartments in a body corporate - one of the issues to come to the fore as a select committee considers a major reform to body corporate law.The...

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