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...
A body corporate is required to hold its annual general meeting (AGM) within 4 months after the end of its financial year. The meeting notice should be sent out at least 14 days prior to the meeting. All meetings other than the AGM are called special general meetings (SGM). The notice period required to hold SGMs is 30 days but this...
Conduct rules are rules that have been created to encourage harmonious living in a sectional title scheme and to uphold the standards by which the buildings and other areas in a scheme are maintained. There are eight prescribed conduct rules as laid out in the Sectional Titles Schemes Management Act; they are: Keeping of animals, reptiles and birds Refuse and waste...
Being a property manager – or more accurately a portfolio manager – can be a thankless job. The reality is that most of our calls involve clients complaining about something that is wrong at their building but this is our job: we have to serve our clients with patience, humility and compassion. We accept that our role is essentially to...