Sectional-title Ownership

Question 1

What is section-title ownership?

Answer 1

• a system in which units or sections of a building are individually owned

Question 2

What are some examples of sectional-title ownership?

Answer 2

• flats
• apartments
• duplex townhouses
• duets

Question 3

What does the sectional-title holder own?

Answer 3

• a share of all the common property
• including lifts, passages, stairways, garden areas, the pool

Question 4

What do section-title buyers have to do when they become the owner of the unit?

Answer 4

• transfer fees must be paid

Question 5

What do sectional-title buyers have to do before they can own the unit?

Answer 5

• a sectional-title register has to be opened

Question 6

What are all owners of sectional-title units a part of?

Answer 6

• they are all members of the body corporate

Question 7

What does a body corporate do?

Answer 7

• administers the daily running of sectional-title properties

Question 8

What must sectional-title unit owners pay per month?

Answer 8

• a monthly levy to the body corporate

Question 9

What is the monthly levy used to pay?

Answer 9

• rates and taxes
• insurance
• repairs and maintenance of common areas
• wages and salaries of staff
• water and electricity used by common areas

Question 10

What does the body corporate conduct?

Answer 10

• day-to-day business of running the scheme
• e.g. taking care of the gardens and waste disposal