Buying guide
What is a body corporate and how does it work?
If you buy an apartment or townhouse you may need to deal with a body corporate. Here’s everything you need to know
AI summary
A body corporate is a legal entity comprising all owners in a unit title property, like an apartment or townhouse. It manages shared areas, building insurance, and a long-term maintenance plan.
All owners are members and pay annual body corporate fees (levies), typically $4,000-$6,000, to cover these costs. Before buying, it's crucial to perform due diligence by reviewing the body corporate's rules, financial statements, and meeting minutes to understand its financial health and regulations.
How does a body corporate work?
How much are body corporate fees?
Your body corporate may limit the way you can use your property.
Body corporate rules explained
Buyer’s due diligence: how to find body corporate details
Always check the body corporate rules before buying an apartment.
Getting help reviewing your body corporate
Author
Discover More
Interest rate predictions from NZ economists: 2026 & 2027
We don’t have a crystal ball, but we’ve got the next best thing - the opinions of bank economists
WATCH: How The Curve's Sophie Hallwright Bought 2 Properties in 12 Months
The Curve co-founder Sophie Hallwright reveals the exact strategy she used to buy two houses in just 12 months.
Search
Other articles you might like
