WHAT DOES AN OWNER OWN?
In buying into a scheme, a purchaser acquires a Section (or sections), and an undivided share of the Common Property. These are collectively known as a Unit. A section in a residential sectional scheme is usually a flat or townhouse, but may also be a garage, domestic staff room or external storeroom. In many schemes, the garage and external rooms are not sections, but are parts of the common property of which individual owners have Exclusive Use. A section extends to the mid-point of outer or dividing walls, the lower part of the ceiling and upper part of the floor. The outer walls, roof, space above the ceiling and foundations are not part of the owner's section.
- Hits: 1108