What is exclusive use area sectional title scheme?
What is exclusive use area sectional title scheme?
Exclusive use areas in a sectional title scheme are defined in the Sectional Titles Act as ‘a part or parts of the common property for the exclusive use by the owner or owners of one or more sections. Accordingly, such exclusive use areas forms part of the common property and do not form part of a section.
Is my yard common property?
All gardens are common property, but you have exclusive use of your walled garden, within certain limitations as defined in the sectional titles act. It is not included in your title deeds, so it belongs to the body corporate.
Who should pay for the maintenance of exclusive use areas in a sectional title scheme?
The Sectional Titles Schemes Management Act makes it clear that the holder of the exclusive use right is responsible for all of the costs relating to these areas, including the costs of repairs and maintenance, and it prescribes the manner in which these costs must be recovered from the owner concerned.
Which is common property in a sectional title?
A basic principle in sectional title schemes is that the body corporate must maintain the common property, while owners must each maintain their section. It’s for this reason that it’s important to establish which parts of the scheme form part of common property.
Who is the chairperson of a sectional title?
Body corporate: The legal entity that exists to manage and control the common property, made up of all owners of units in the scheme. Body corporate manager: Another term for a sectional title managing agent. Chairperson: The chairperson is the head of the board of trustees and has the primary role of chairing owner and trustee meetings.
How is common property defined in the St Act?
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:
What does AGM stand for in sectional title?
AGM: Annual General Meeting. Body corporate: The legal entity that exists to manage and control the common property, made up of all owners of units in the scheme. Body corporate manager: Another term for a sectional title managing agent.
A basic principle in sectional title schemes is that the body corporate must maintain the common property, while owners must each maintain their section. It’s for this reason that it’s important to establish which parts of the scheme form part of common property.
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:
Body corporate: The legal entity that exists to manage and control the common property, made up of all owners of units in the scheme. Body corporate manager: Another term for a sectional title managing agent. Chairperson: The chairperson is the head of the board of trustees and has the primary role of chairing owner and trustee meetings.
AGM: Annual General Meeting. Body corporate: The legal entity that exists to manage and control the common property, made up of all owners of units in the scheme. Body corporate manager: Another term for a sectional title managing agent.