One of the many reasons a sectional title complex or estate is so attractive to property owners is the sense of security it provides. What happens when your apartment or house is broken into, who is responsible for your loss? Is it the body corporate, the estate manager, the security company or the managing agent? Responsibility to secure In a sectional title scheme, the owner is...
One of the most confusing terms in sectional title is exclusive use areas (EUAs). Owners with exclusive use rights are often the first who find themselves unfamiliar with their obligations regarding EUAs. Types of exclusive use areas EUAs can be defined as areas that are part of the common property of a scheme for the exclusive use of certain owners. An owner enjoying exclusive rights to an...
Bodies corporate are legal entities that can institute or face legal action. Trustees are appointed to act on behalf of a body corporate and like company directors, trustees are required to perform their duties and functions diligently within the confines of the governing sectional title laws. Various written resolutions are required in terms of the Sectional Titles Schemes Management Act (STSMA)...
Sectional title terminology can be quite confusing and two terms that often get confused by owners are ‘section’ and ‘unit’. While an apartment can be called either of these two terms, there are distinct differences between a section and a unit. Section A section is indicated on the sectional title plan of the scheme; it is demarcated with a solid line...
Not all sectional title investors elect to live in the complex where they purchased a unit. It is quite common to buy in sectional title schemes with the intention of letting. Body corporate requirements Renting out an apartment is not always as simple as it may seem. The body corporate may have rules around how long an apartment may be rented; it...