Long-term maintenance plan for body corporate (complex) - Large unit title developments (10 or more units) - Requirements overview

Aug 31, 2026

Template guidance for preparing a long-term maintenance (LTM) plan for body corporate in large unit title developments with 10 or more principal units. Explains the legislative basis under the Unit Titles Act 2010 and Unit Titles Regulations 2011, and outlines updated obligations from May 2024, including a minimum 30-year horizon, tiered detail for years 1–10 and 11–30, and triennial review. Includes what to cover for common property and funding sources, plus suggested inputs such as building details, assumptions, 10-year levy tables, cash flow tracking, and expenditure schedules.

LanguageEnglish

CategoryLetters

FormatDOCX

Pages17

Reading Time6 min

AccessFree to download

About this template

Legislative basis and updates from May 2024

Key requirements for all unit title developments

Long-term maintenance plan structure (LTM)

What the plan covers

Building details and report inputs

10-year financial inputs

10-year levy table

10-year cash flow tracking sheet

10-year anticipated expenditures table

Years 11 to 30 approach

Expenditure item indication

What is not required for years 11–30

Current state of the common property

Template for long-term maintenance plan – body corporate (complex) Large unit title developments (10 or more units) About this template This template has been created by the Ministry of Business, Innovation and Employment as an example of how to provide the required information for a long-term maintenance plan for large unit title developments. The requirements are detailed in Regulations 30 and 30A and 157C of the Unit Titles Regulations 2011. This template provides some recommended additional information (beyond the requirements of regulations 30 and 30A). The specific wording and layout used in this template are not requirements of the Unit Titles Regulations 2011. To use this template, download it to your computer and customise it, keeping only the points that apply to your situation. DisclaimerThis document is a guide only. It should not be used as a substitute for legislation or legal advice. The Ministry of Business, Innovation and Employment is not responsible for the results of any actions taken on the basis of information in this document, or for any errors or omissions. Changes to the Unit Titles Act in 2024Changes to the Unit Titles Act 2010 in May 2024 require large unit title developments (10 or more principal units) to establish a long-term maintenance (LTM) plan covering a period of at least 30 years from the date of the plan’s commencement or last review, with detailed requirements for the first 10 years, and more high-level information for years 11 – 30. The changes also require the plan to be reviewed every 3 years, or as soon as is practicable should any matter arise that has a material impact on the LTM plan. This template has been updated to help you meet these requirements. The body corporate of a large unit title development must consult with building professional/s or other suitably qualified professional/s when it develops or reviews the plan. The body corporate can decide by special resolution not to do so. For all unit title developments, (including large unit title developments) the new requirements for the LTM plan are: A summary of the current state of the common property; A statement of the sources of funding for the LTM plan. For more information, refer to the Unit Titles Services website at HYPERLINK "http://www.unittitles.govt.nz" http://www.unittitles.govt.nz Long-term maintenance plan for body corporate (complex) Large unit title developments (10 or more units) The information is provided to meet the requirements of sections 116 and 157C of the Unit Titles Act 2010 and regulations 30 and 30A of the Unit Titles Regulations 2011 This long-term maintenance plan (LTM) covers the common property, building elements, and infrastructure of the unit title development. It also covers any additional items that the body corporate has decided by ordinary resolution to include in the plan. Building details and report inputs Supplied information Report assumptions and information 10-year levy table 10-year cash flow tracking sheet The table below shows a cash flow starting with the anticipated opening balance at the start of the first financial year. Please add the total levy contributions for the year and any interest on balances greater than $10,000.00 Any anticipated expenses are then allowed for leaving a closing balance for the year which in turn becomes the opening balance for the following year. 10-year anticipated expenditures table This table shows when expenses will occur in the next 10 years. From left to right the columns are: Expenditure items: lists the different areas and items of expenditure. Current cost: shows the current maintenance expenditure costs in today’s dollars. Year 1 to Year 10: shows the costs in the year in which they occur, including the assumed rate of inflation compounded annually until the cost is due. The items included are examples only. At the bottom on each column there are three lines. Firstly, a subtotal (including. GST) followed by a line calculating the

FAQs

What period must a long-term maintenance (LTM) plan cover for large unit title developments updated in May 2024?

It must cover at least 30 years from the plan’s commencement (or last review), with detailed requirements for the first 10 years and higher-level information for years 11–30.

How often must the LTM plan be reviewed?

The plan must be reviewed every 3 years, or as soon as is practicable if a matter arises that has a material impact on the LTM plan.

What additional information beyond regulations 30 and 30A does this template recommend?

It provides recommended additional information and suggested wording/layout to help users meet requirements, including summaries of the common property’s current state and statements of funding sources for the LTM plan.

Aug 31, 2026

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