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Now showing 1 - 15 of 15 articles
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Author: Grant
Common Property in a sectional title scheme is the land included in the scheme, buildings that are not included in a section and land bought by the relevant body corporate subsequent to the establishment of the sectional title scheme. Common Property is owned by all the unit holders in a sectional title scheme in their respective participation quota.
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Author: Grant
The developer may register a set of rules when the Sectional Title Register is opened. If this is not done the prescribed conduct rules will be deemed to apply to the complex...
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Author: Grant
Parking is usually a huge problem that bodies corporate face. As there is a lack of parking, vehicles are parked on common property, other exclusive use areas, in other owners' parking, and less often in other owners units.
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Author: Grant
Management Rule 68(1)(iv) states:
“an owner shall not do anything to his section or exclusive use area which is likely to prejudice the harmonious appearance of the building” |
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Author: Grant
The prescribed management rules categorise improvements in a complex to the common property into “luxurious” and “non-luxurious”. However the rules provide no guidance as to what would constitute a luxurious or non-luxurious improvement.
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Author: Grant
The body corporate has to pay expenses. These include administration expenses, rates, taxes, water, electricity, gas, security, refuse, cleaning, maintenance, repairs etc.
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Author: Grant
The role of a managing agent is not only to send statements, receive levies and ‘do the books'. The role that a managing agent fulfills is much wider than that.
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Author: Grant
The Annual General Meeting is a specific type of general meeting. Therefore it has to comply with all the requirements for a special general meeting, and a few other requirements that have been subscribed by the sectional titles act.
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Author: Grant
Owning pets in a complex is difficult. Most people in houses own pets, in the form of birds, fish, dogs, cats, snakes, alligators teenage children and mothers-in-law....
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Author: Grant
A resolution is passed by a simple majority (50%) of all the members entitled to vote, voting in favour of the resolution. A resolution is sufficient unless the Sectional Titles Act, Management Rules or Conduct Rules require a unanimous resolution or a special resolution.
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Author: Grant
The body corporate (all the owners) may impose restrictions or give directions to the trustees at a general meeting. This is usually issued at the Annual General Meeting, as it has to be included in the agenda of the Annual General Meeting.
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Author: Marylou
One of the biggest investments ever made by a person is buying a property.It is the duty of every owner buying a unit in a scheme to ensure that their Trustees and their Managing Agent are running the complex in a professional manner so that their investment can grow and prosper.
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Author: Grant
Every body corporate must establish a fund to repairs, upkeep, control, manage and administer the common property. A body corporate raises the funds required by imposing levies on all the owners in a complex. The body corporate should make reasonable provisions for future maintenance and repairs.
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Author: Grant
The members of the body corporate determine the number of trustees at the Annual General Meeting. This may be any number except 1 trustee. As long as more than 50% of the trustees are owners in the sectional title scheme, any person may be a trustee, except for the managing agent or its employees.
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Author: Grant
Normally a section is used for residential purposes, a garage, carport or parking area is for parking vehicles and store rooms are used for storing items.
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