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Sectional Title Governance

Fining a member in a sectional title scheme

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Sectional title schemes rely heavily on its members to ensure the effective functioning and operation of the scheme. While often not the first port of call, should other avenues have already been explored, there are situations in which a member of the sectional title scheme may be fined for contravening management or conduct rules.

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Property Transfers | Bond Registrations | Snymans Attorneys
Sectional Title Governance

Homeowners Associations (HOA) and Body Corporates – same, same but different

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For a number of reasons, popularity of sectional title schemes and homeowners associations have risen over the last couple of years, including better security options, affordability and unique living spaces. Understanding the differences between these two bodies is a must for any prospective home buyer in modern day communal living.

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Property Transfers | Bond Registrations | Snymans Attorneys
Sectional Title Governance

Selling a sectional title unit

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Sectional title units have grown in popularity over the last number of years because of the increased security and affordability that these units offer. This is particularly true for first-time buyers or young couples starting out.

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Property Blog Articles | Advice | Contractual Matters | Market News
Sectional Title Governance

Your sectional title unit and Airbnb

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Many people who own a second property are owners of a unit in a sectional title scheme for investment purposes. These units have largely been let to tenants for rental income, but more recently, Airbnb has changed the landscape of property rentals and how owners are able to derive an income from their investment properties.

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Property Blog Articles | Advice | Contractual Matters | Market News
Sectional Title Governance

How to avoid special levy shock

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A special levy can come as a rather unpleasant shock to sectional title unit owners when the added expense was not expected. As such, property owners should make themselves aware of what to expect when such costs are incurred.

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Property Blog Articles | Advice | Contractual Matters | Market News
Sectional Title Governance

Body Corporate Rules

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Body corporate management and conduct rules play an essential part in the effective and smooth operation of a sectional title scheme, so it’s crucial that owners and trustees are aware of the requirements in drawing up and amending these rules.

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Property Blog Articles | Advice | Contractual Matters | Market News
Sectional Title Governance

Body Corporate AGMs – why you should attend

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Sectional title property owners often view the body corporate annual general meeting (AGM) as a formality or even an inconvenience, but attendance at these meetings is an important part of sectional title ownership and should be viewed as such.

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Property Blog Articles | Advice | Contractual Matters | Market News
Sectional Title Governance

An overview of sectional title levies

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For many, buying into a sectional title scheme comes with peace of mind knowing that the regular levy costs incurred will cover the expense of ongoing maintenance to the sectional scheme. However, it is important to understand what these levies cover and who is responsible for what.

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Property Blog Articles | Advice | Contractual Matters | Market News
Sectional Title Governance

What you need to know about the new Sectional Titles Schemes Management Act

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The Sectional Titles Schemes Management Act (STSMA) has been signed into law and became effective on 7 October 2016. As a result, trustees of sectional title schemes will have to reassess the levy contributions from owners each month.

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Sectional Title Governance

Must-knows about extending a Sectional Title Unit

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While extending a property might be a good investment, there are a number of factors to consider when it comes to sectional title unit. 

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Property Blog Articles | Advice | Contractual Matters | Market News
Sectional Title Governance

Can trustees be paid for their time?

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The role of trustee is often a thankless and time consuming responsibility, and the question is often raised whether they should be remunerated for their work or not.

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Property Blog Articles | Advice | Contractual Matters | Market News
Sectional Title Governance

Ask to see the body corporate’s financial statements before buying

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Over and above the structural integrity of a building, when buying into a sectional scheme there are a number of elements that should be inspected closely to make a good investment.

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Property Blog Articles | Advice | Contractual Matters | Market News
Sectional Title Governance

Structural alterations require body corporate approval

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It is important for potential owners to understand the benefits and potential drawbacks of buying into a sectional scheme.

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Property Blog Articles | Advice | Contractual Matters | Market News
Sectional Title Governance

Refund from the Local Authority after registration

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Will I get a refund from the Local Authority after registration and how does it work?

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