Sectional Title Property a hit in Gauteng
Sectional title properties remain popular in Gauteng because of the many advantages this form of property ownership offers, say estate agents. According to Pam Golding Properties (PGP) national sales executive, John Herbst, the sale of sectional title properties makes up a substantial 28 percent of all units (over the selling price of R10 000) sold [...]
HOMEOWNER ASSOCIATIONS OFTEN NOT SET UP IN GROUP HOUSING SCHEMES
It will come as a surprise to many who live in or are associated with group housing schemes in South Africa today that there are many such schemes in which the members themselves do not realise that they are – or should be – bound by a homeowners’ association which has the right and duty [...]
Free Trustee Workshop in Midrand
WHAT TRUSTEES SHOULD KNOW ABOUT BUILDING INSURANCE IN SECTIONAL TITLE SCHEMES? ARE YOU AWARE OF THE pending new legislation w.r.t Sectional Titles Schemes Management Bill and Community Schemes Ombud Services Bill as well as the amended Prescribed Management Rules, and the new Companies Act, and how these changes will affect trustees in Sectional Title Schemes? [...]
PROLONGED COURT PROCEEDINGS REVEAL DIFFICULTIES OF DEALING WITH AN INEFFICIENT SECTIONAL TITLE BODY CORPORATE
Although disagreements over sale agreements remain part of the way of life in the property sector, trial court statistics show that these days they are fairly rare in freehold deals. However, in the sectional title and leasing sectors, the number has risen quite significantly, says Dianne Brock, general manager of the Western Cape Institute of [...]
The essentials of sectional title exclusive use areas
Exclusive use areas (EUAs) in sectional title schemes are parts of the common property whose use has been granted to certain owners for their exclusive use. And yet, says Berry Everitt, managing director of the Chas Everitt International property group, they are often misunderstood and the cause of serious disharmony and even disputes among residents. [...]
Why you need a good managing agent?
The appointment of a managing agent holds distinct benefits for a Scheme. The task of managing and administering a scheme – whether large or small – is a complicated and time consuming one and there are few schemes with owners who have the time and knowledge to take on all of these demands for no [...]
TWO TYPES OF HOMEOWNERS’ ASSOCIATIONS
Many of those people directly or indirectly involved with homeowners’ associations have not as yet come to grips with the fact that there are today two types of such associations – and that these carry different obligations and responsibilities, says Michael Bauer, general manager of the property management company, IHFM. The first, said Bauer, are [...]
SECTIONAL TITLE OWNERS HAVE TO ABIDE BY THE CONDUCT RULES IF THEY WISH TO DO ALTERATIONS OR RENOVATIONS THEIR UNITS.
All too often, says Michael Bauer, general manager of the property management company, IHFM, problems arise when an owner (often a new owner) of a sectional title unit plans to renovate his newly acquired property. This, says Bauer, is not permitted without the prior consent of the trustees of the body corporate and the local [...]
HOW MANY PROXIES IN SECTIONAL TITLE ARE ALLOWED?
Although it is now clear that at some stage the Sectional Schemes Management Act will become law, right now, says Michael Bauer, general manager of the property management company, IHFM, members of sectional title schemes can still collect as many proxies as possible for the scheme’s annual general meeting and special general meeting –and can, [...]
Need-to-know for buying ST property
Sectional title property ownership is increasingly popular and today there are over 50 000 schemes, totalling more than 800 000 individual units in South Africa. The concept is tightly regulated under the recently amended Sectional Titles Act – legislation covering every aspect of sectional title ownership – and all owners and tenants must be aware [...]
