July 2007
What is a Unit Title?
Thousands of people in New Zealand now live in medium and high density Unit Title developments and this trend is set to increase in the future. Unit Title ownership means that you have ownership of your defined dwelling (“unit”), and that you also have joint ownership in common with other unit owners of your shared areas (known as “common property”) such as driveways, swimming pools, courtyards and lifts etc. Multi storey buildings, apartment complexes and townhouse developments (including pensioner flats) are common examples.

