Sectional Title Scheme

Sectional titles schemes management act.

Sectional title scheme. In the light of the new sectional titles schemes management legislation i have re examined the subject of sectional title body corporate rules. Sectional title schemes are divided into units and common property. Every sectional title scheme comprises of three elements owners sections exclusive use areas and common property.

When creating the management and conduct rules for a sectional title scheme due consideration should be paid to the sectional titles act 95 of 1986 the sectional titles schemes management act 8 of 2011 and the community schemes ombud act 9 of 2011. Sectional titles schemes management advisory council. All rules and regulations should comply with the terms of these acts.

Sectional title scheme rules under the new legislation. The advantages of owning a sectional title property rather than an individual property typically include. Property taxes are lower than freehold homes.

First i look at the four types of rules a developer or body corporate can make. The sectional titles act 95 1986 the act defines a unit as a section together with its undivided share in common property apportioned to that section in accordance with the quota of the section. There is also the concept of an owner s unit which is different to that a scheme.

It s for this reason that it s important to establish which parts of the scheme form part of common property. Increased safety and security. Common property is defined in section 1 of the sectional titles act 95 of 1986 the st act and section 1 of the sectional titles schemes management act 8 of 2011 the stsm act as follows.

A variety of community sports and leisure facilities. The purpose of www sectionaltitle online is to provide an easy click to information guide through the complexities of sectional title ownership and the sectional title schemes management act of 2011. The advantages of sectional title schemes.