New Zealand Legislation: Acts
Acts are laws made by Parliament
(1) The common property shall be held by the proprietors of all the units as tenants in common in shares proportional to the unit entitlement in respect of their respective units:
provided that nothing in this subsection shall affect the interests among themselves of the proprietors of a stratum estate in an individual unit.
(2) While the same person is proprietor of all the units, subsection (1) shall apply as if there were different proprietors for each of the units.
(3) The proprietors of all the units may sell or lease part of the common property or may grant an easement over the whole or any part of it.
Compare: Victoria Act, s 13; NSW Act, s 9
