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Sectional Title Ownership
- The Pain and the Pleasure
Equip yourself with the knowledge about sectional title ownership. Know your rights and obligations
Sectional title life in South Africa has definite cost and security advantages, but also major “pain points” as regards financial risk and personal frustration – if you and your fellow sectional title owners (and trustees) don’t follow the rules.
This book has been compiled by HouseCheck to help you, the sectional title owner or trustee to: Understand your rights and “Increase the pleasure and reduce the pain” of sectional title life.
This is an important book because many sectional title owners, trustees, and managing agents ignore aspects of the South African law that has been put in place to protect sectional title owners. The topics we cover in this book are:
- How to protect, and enhance the value of your sectional title property investment by
- Knowing your rights as an owner
- By attending AGMs and insisting that the trustees of the corporate body do not cut corners, but rather comply with the sectional title regulations fairly and openly. These laws have been put in place for the protection of everyone. Compliance is often an area of ignorance and neglect for many owners and trustees (and indeed managing agents).
- By following, the rules fairly and openly, trustees can reduce their fiduciary risk and also ensure that their governing role does not open them to personal attack and unpopularity within their sectional title community.
- By following the rules, the triple frustrations of sectional title life: “People, pets, and parking” can be reduced to a minimum.
Why did HouseCheck produce this book? Simple really. HouseCheck’s vision is to ”build bridges of trust” within the property industry – by promoting knowledge and transparency.
Many body corporates are financially stressed because trustees don’t follow the rules and don’t systematically and fairly fund the maintenance of the common property. When sectional title properties become run-down everyone suffers. Property values decline and frustrations grow as defects on the common property multiply.
The new Sectional Title regulations now require all body corporates to prepare and fund a realistic 10-year Maintenance Action Plan for the common property.
HouseCheck stands ready to assist.
Many body corporates are financially stressed because trustees don’t follow the rules and don’t systematically and fairly fund the maintenance of the common property. When sectional title properties become run-down everyone suffers. Property values decline and frustrations grow as defects on the common property multiply.
The new Sectional Title regulations now require all body corporates to prepare and fund a realistic 10-year Maintenance Action Plan for the common property.
HouseCheck stands ready to assist.
Download the eBook
Sectional Title Ownership
- The Pain and the Pleasure
This eBook is filled with practical information to assist you in managing the building process when building a new home.
