You are purchasing an apartment on a unit title ownership structure.

Unit title ownership is most common in a building where there are multiple owners.

As a unit owner you own:

• your particular apartment or unit and any accessory units, like garages, car parks, private courtyards and storage areas contained in the record of title 
• an undivided share of the ownership of the common property (e.g. lifts, lobby areas, driveways and gardens).​

Gross Floor Area. The Gross Floor Area is measured from the outside face of the exterior walls to the centreline of an inter-tenancy, or common area, interior wall.​

Several apartments come with one off-street carpark. Bike parking is also available. Additional parking is available on the main roads, such as Potiki Street & Castledine Crescent.

Yes, all apartments will have access to ultrafast broadband service.​​

Yes, pets are allowed, provided they do not create a nuisance or interfere with the quiet enjoyment of the other owners/occupiers in the complex.

Yes, you may rent your home, but you will need to let the Body Corporate know. 

Yes, all apartments will be part of the Potiki Body Corporate.

Body corporates handle the management and maintenance of the building and property. Most day-to-day decisions of the body corporate can be made by a body corporate committee or with the agreement of 50% or more of the unit owners. Some decisions will require the agreement of 75% or more of the unit owners. The body corporate must hold an AGM (annual general meeting) at least once a year to discuss issues and vote on them.

You will pay an annual fee (a levy) to the body corporate, which will go towards budgeted body corporate expenses. The fee will include costs like insurance and management expenses (by an external contractor), contributing to a long-term maintenance fund (LTMF) and any services the body corporate arranges for its members (for example, rubbish collection and cleaning communal areas). Any body corporate costs that have not been included in the budget are also payable by the unit owners, usually by way of a special levy.

Yes, you will still pay rates to Auckland Council. 

Buyers are required to pay a 10% deposit to secure their home (20% for non-residents). The remaining payment is not required until settlement.

Yes your deposit is safe provided you don’t default under the Agreement. It is held in the trust account of the vendor’s solicitor. ​​

Yes, this is a requirement for new apartments under the Building Code laws.

Yes, in addition to the warranties provided by the Developer required under the Building Act, apartments will be supported by an independent 10-year building warranty insurance policy from Stamford Insurance. Stamford’s 10-year building warranty provides comprehensive protection for apartment buildings, covering defects in design, materials and workmanship, the 3 key elements to building performance. The cover will provide peace of mind to all apartment owners, safeguarding your investments for an extended period. More information on the Warranty Insurance can be found at: https://stamfordinsurance.co.nz/apartment-warranties/