The bill provides solutions to many longstanding issues within the exiting Unit Titles Act (UTA), such as lack of disclosure before purchase, and lack of mention of body corporate managers, who have become a prominent feature of the unit title sector. It will provide the guarantees and certainty that New Zealanders want when purchasing a unit title property to live in, and will help make medium- and high-density living a safer and more appealing option for people. Requiring pre-purchase disclosure will improve transparency in the buying process by increasing the amount of information that must be disclosed to buyers, allowing them to make informed decisions. The bill requires that any weathertightness issues or whether the building is earthquake-prone be disclosed to the buyer before purchase. Alongside adding pre-purchase disclosure, the bill maintains the requirement in the current UTA for pre-settlement disclosure, allowing for any new information that has come to light between pre-purchase and settlement to also be disclosed.