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

Tue, 13 Jul 2021

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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