71. Improving and Maintaining a Section

  Section 44 of the Act requires an owner of a section to maintain his or her section and keep it in a good state of repair. This obligation is backed up by management rule 70 that authorises the body corporate to carry out essential...

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72. IMPROVEMENTS TO SECTIONAL TITLE SCHEMES

 A sectional title scheme is managed by the body corporate and all owners of units in the scheme are members of the body corporate. The body corporate elects trustees to attend to the day to day running and management of the scheme. ...

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73. HOW LONG SHOULD A TRANSFER TAKE

 An interesting article appeared in this months De Rebus (the S A Attorneys Journal). The article written by Lizelle Kilbourn, a conveyancer, dealt with the questions of how long a "typical transfer" of property should take and how long...

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74. Housing Development Schemes for Retired Persons

These schemes usually have extraordinary features, which other developments don't have, such as a frail care centre or full-time nursing care, restaurant facilities, great emphasis on security, etc. There can also be certain stipulations, which make...

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75. Fractional Ownership

Fractional Ownership can be defined as the collective ownership of an asset, usually one with a high monetary value. Usage of the asset is shared amongst the owners by means of an ownership usage roster. The running costs are also shared...

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76. Fixtures and Fittings List

1.                   Place a tick in one of these three columns against every item. 2.         The second column (“excluded�) is for items on the list which...

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77. Fixtures and Fitting Explained

  A buyer who purchases immovable property legally acquires the land together with all permanent improvements on the land. Permanent improvements include not only the physical structure but also items, which are permanently attached to the...

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78. FINANCIAL IMPLICATIONS OF BUYING SECTIONAL TITLE

A Sectional Title Scheme cannot be properly managed by the trustees unless all the owners make regular and prompt payment of levies. The non-payment of levies is one of the main reasons why some body corporates in South Africa find themselves...

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79. Exclusive use rights to a parking bay

Owners are sometimes under the impression that they have rights of exclusive use of specific parking bays because they purchased the specific bays in terms of their offers to purchase. This is not necessarily the case. Owners should look...

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80. Exclusive Use Areas

  Most exclusive use areas (EUA's) in sectional schemes fall into one of three types: •         Created under the rules of schemes registered under the 1971 Act. •        ...

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