Unit Title Long-Term Maintenance Levy Calculator NZ

This calculator estimates your annual long-term maintenance fund levy for a unit title property in New Zealand, the regular contribution that builds up the money a body corporate needs for big future repairs. Under the Unit Titles Act, a body corporate must have a long-term maintenance plan covering at least ten years, and in most cases a fund that owners pay into so the cash is ready when major works fall due, such as recladding, re-roofing, repainting, lift replacement or repairs to shared structures. Spreading these large costs into a steady annual levy is far kinder than being hit with a sudden special levy, which is exactly what happens when a fund is left underfunded. You enter the total cost of the major works projected over the plan period, the length of that period in years, the current balance already sitting in the fund, and your unit's entitlement share as a percentage, and the calculator works out the building's total annual contribution and the slice of it that falls to you. Use it to sense-check the levy you are being charged, or when buying to understand the future cost of a unit before you commit. Always read the actual long-term maintenance plan and fund balance, as an underfunded plan can mean a large bill soon after you buy. This is general information, not financial advice.

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Levy depends on the plan, the fund balance and your unit entitlement. Read the long-term maintenance plan before buying. General information only.