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| HOW TO AVOID BODY CORPORATE BECOMING BODY COMBAT... |
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| Mention the words “body corporate” and most people’s eyes glaze over. Isn’t that something to do with paying levies? Yes, and much, much more.Apartments seem to suit many a lifestyle including singles, couples, busy professionals, retirees as well as inve |
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| THE GOOD, THE BAD AND AVOIDING THE UGLY... |
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| One of the most important roles within a body corporate is the election of a Chairperson at the Annual General Meeting (AGM). Once a year, all proprietors meet and, surprisingly, most don’t even consider whether they would like to take on such a role or, |
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| HOW TO AVOID YOUR BODY CORPORATE FROM BECOMING DYSFUNCTIONAL |
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| Apartments seem to suit many different lifestyles including singles, couples, busy professionals, retirees as well as investors. For many, it makes sense to live or invest somewhere where someone else will be taking care of the property. But who, exactly, |
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| THE CHANGING NATURE OF COMPANY SHARE OWNERSHIP... |
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| The changing dynamics of company share ownership has brought with it trials and tribulations to the older generation who bought and still live in company share units. We explore the impact of the property market on company share ownership…..Company share |
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| PRACTICAL TIPS FOR NEW OWNERS IN A BODY CORPORATE |
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| You’ve just bought your unit and will be living on-site. Taking a bit of a closer look at your new environment, you notice that the building is looking a bit tatty. The water-blasting has not been done, the driveway has potholes and the fence needs a repa |
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| WE EXPLORE FREQUENTLY ASKED QUESTIONS FROM OWNERS IN BODIES CORPORATE: |
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| Who is in charge of the body corporate?It really depends on the structure of the body corporate. Some bodies corporate choose to have a Chairperson as the key liaison person for its affairs and/or a committee of owners whose role (depending on the terms o |
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| THAT SINKING FEELING |
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| The roof needs total replacement, the building is in dire need of re-painting, the pot holes are too big to fill and the driveway need to be resealed. Estimated bill $63,000. How much is in the kitty? Nothing….We have all heard these horror stories. Body |
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| THINKING OF MAKING A CHANGE? |
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| Professional secretaries who are able to balance property management, accounting, law, administration and communication are hard to find. When thinking of making a change ask yourself the following questions:1. Is our body corporate secretary a people pe |
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| APARTMENT GROWTH IN LOWER HUTT |
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| Regardless of how investors track fundamentals, anticipate emerging capital markets, examine yields and review historic sales data, many will be quick to acknowledge that they can still be surprised, and not always unpleasantly, at the speed and strength |
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| A Taxing Exercise |
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| There has been much confusion around the tax obligations of bodies corporate. We hope to provide some clarity and have sought advice from the Inland Revenue in an effort to assist bodies corporate in understanding their tax obligations. The information |
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| PROFESSIONALS...ARE THEY WORTH THEIR WEIGHT IN GOLD? |
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| Running a body corporate or company share is no easy task and it is increasingly less common to have individual owners managing the entire needs of the body corporate or company share. This is not to say that things can’t be run well as long as the right |
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