StraPlex | New Zealand | Tool
Fee Split and Reserve Calculator: New Zealand
Split a small building's yearly budget by each owner's share, check the reserve against the legal minimum where New Zealand sets one, and total a simple reserve plan.
Split the yearly budget
| Unit | Utility interest | Share | Per year | Per month |
|---|---|---|---|---|
| Unit 1 | 25.00% | NZ$3,750 | NZ$313 | |
| Unit 2 | 25.00% | NZ$3,750 | NZ$313 | |
| Unit 3 | 25.00% | NZ$3,750 | NZ$313 | |
| Unit 4 | 25.00% | NZ$3,750 | NZ$313 |
Levies follow utility interest, which equals ownership interest unless reassessed. The long-term maintenance plan covers at least 10 years for developments under 10 units. Enter each owner's figure from the title documents; equal numbers give equal shares.
A simple long-term maintenance fund plan
List each shared item you will have to replace, today's cost and the years it has left. The yearly figure is the cost divided by the years, with no allowance for price rises or interest.
Columns: item, cost today (NZD), years left.
The plan needs NZ$4,542 a year. Your budget puts NZ$3,000 a year into the long-term maintenance fund.
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Let StraPlex run your body corporate
StraPlex is an app that does the work of running a small body corporate. Its AI writes the notices, minutes and budgets, and the app tracks every deadline in the Unit Titles Act, splits the fees and answers owners' questions. You approve, and it sends. Join the waitlist and get it first.