Body Corporate
A legal entity accountable for the ongoing operation and compliance of the building. Each and every Owner is automatically a member of the Body Corporate.
BC
The abbreviation used for the Body Corporate.
Body Corporate Committee
The Body Corporate members elected at each Annual General Meeting who represent the Owners and are responsible for fact finding, reporting and decision making on behalf of all Owners.
BCC
The abbreviation used for the Body Corporate Committee.
Body Corporate Secretary (BCS)
The function of the Secretary shall be to keep proper books of account in which shall be kept full, true, and complete accounts of the affairs and transactions of the Body Corporate and to carry out such functions as may from time to time be delegated by the Body Corporate. Each year the Secretary shall prepare statements of financial position and performance showing the Body Corporate financial dealings during that year, and shall, within 6 months of each Annual General Meeting, send a copy of the annual accounts to every Owner. The Body Corporate Secretary provides administration and management of Owner’s Levies, invoice payments and accounting, but does not have any responsibilities in regard to matters or issues relating to managing the building and its infrastructure
Building Manager
The Body Corporate Building Manager provides administration and management of the building and its infrastructure and is the central point of contact for Common Area issues. He/she provides building facility advice, manages Service Providers, and is the keeper of contracts, warranties and building certificates.
Commercial Units
Those who own or lease the ground floor and basement areas for strictly business purposes.
Common Areas
These are areas shared by Residents within Montreaux. They include the Level 9 amenities, lift lobbies, front foyer, corridors, the rubbish room, the building exterior and grounds. The BC is responsible for all Common Areas.
Embedded Network
An embedded network enables consumers within the embedded network to purchase cheaper (bulk) electricity, and as a result generates an income stream for the site owners or managers.
Montreaux installed an embedded network in 2013.
MX
The abbreviation used for Montreaux.
Owners
Those people who own apartments or commercial spaces in Montreaux (also referred to as Proprietors).
Owner Levies
The fees collected from the Body Corporate to cover the administration and management of Montreaux.
Residents
The people living in Montreaux apartments. They are Owner Occupiers or Tenants who rent apartments from Owners. All residents are equally accountable for their actions and behaviours, and for questioning undesirable actions and behaviours of others.
Unit
The space which an Owner or Tenant occupies.
Unit Titles Act (UTA) 2010
A legal framework for the ownership and management of the land, buildings and facilities of Montreaux and that covers the rights and responsibilities of our Body Corporate. Further information is available from Oxygen (www.oxygen.co.nz),
Ministry of Business Innovation and Employment has a developed a Tenancy Services website, which provides useful information on tenancy and unit title matters (www.tenancy.govt.nz).
Montreaux Apartments 