101. 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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102. Using the Section only for the purpose it was intended

Section 44(1 )(g) of the Act states that a section can only be used for the purpose for which it is intended, although with the written consent of all the other owners, it can be used for a different purpose. The effect of this is that an owner...

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103. 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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104. The two signature rule

Management rule 27 is one of the most often ignored rules. This is what it says: No document signed on behalf of this body corporate, shall be valid and binding unless it is signed by a trustee and the managing agent referred to in rule 46 or...

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105. Calculating the Levy's

Before every AGM the trustees, assisted by the managing agent, must prepare an estimate of expected expenses that will be incurred by the body corporate in running the scheme during the ensuing year. Included in this estimate are costs of: ...

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106. Availability of Rules

Rule 32 requires the trustees to keep a complete and up to date set of all the rules and make these available to any owner, occupant, prospective purchaser, bondholder and managing agent and may charge a reasonable amount to anyone who wants a...

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107. Sectional Title F.A.Q

1       WHAT IS SECTIONAL TITLE? A Sectional Title Development Scheme (usually referred to as a Scheme) provides for separate ownership of sections of a property by individuals. These schemes fall under the control of the...

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108. SECTIONAL TITLES ACT 95 OF 1986

[ASSENTED TO 8 SEPTEMBER 1986] [DATE OF COMMENCEMENT: 1 JUNE 1988] (Afrikaans text signed by the State President) as amended by Sectional Titles Amendment Act 63 of 1991 Sectional Titles Amendment Act 7 of 1992 Sectional Titles Amendment Act 15 of...

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109. OFFER TO PURCHASE PROPERTY

OFFER TO PURCHASE PROPERTY OFFER TO PURCHASE ...

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110. Transfer and Bond Cost Calculator Courtesy of Louwrens Koen Attorneys and Conveyancers

South African Property Law and Conveyancing No Transfer Duty from Company, CC or Trust Transfers can take place from a Company, Close Corporation and Trust to its Shareholder / Member or Beneficiary free of...

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