61. WITNESSING OF CONTRACT

Click Here to download Comprehensive Free Offer to Purchase Contract In practice, most deeds of sale used by estate agents contain blank spaces for witness's signatures. It is however not a legal requirement that such a contract be witnessed. Only...

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62. 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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63. 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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64. Duties and responsibilities of Sectional Title Owners

The Sectional Titles Act is not intended to impose onerous and restrictive conditions on owners and it is not necessary to so do. Most owners respect the wishes and privacy of others, keep their sections and exclusive use areas in good condition...

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65. Special Levy

A Body Corporate may raise a special levy in order to effect alterations or improvements to the sectional scheme. The special levy is payable over and above the normal monthly levies. The special levy will be calculated according to each...

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66. Taxes on the Transfer of Property

When residential land, or an interest therein is sold or transferred, either VAT or transfer duty is payable on the transaction. The issue of what "tax" is payable when a "property transaction" takes place, has become quite a complicated...

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67. DISPUTES ABOUT LEVIES

  A number of owners of sectional title units have asked me whether they are entitled to withhold the payment of levies if they are dissatisfied with the manner in which the trustees appointed by the body corporate are managing the scheme or...

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68. Zoning Of Land

Zoning Of Land Determining usage of property You may not use property for purposes other than that for which it is zoned - these zonings generally being residential, commercial or industrial. However, it is possible to apply for rezoning...

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69. Sectional Title in a nutshell

Sectional Title Examples of sectional title units are flats, townhouses, semi-detached houses, duet houses, holiday apartments, shops or office blocks. In the case of sectional title units, different people each own a portion of a building or...

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70. 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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