Purchasing a Sectional Title
Category Property News
As a purchaser it is important to consider all information required when contemplating a sectional title property as an option.
Before making an offer to purchase, one should be aware of the costs of the levies, as well as review the conduct rules of the complex. This is due to the fact that these may differ from the prescribed rules annexed with the Sectional Title Schemes Management Act.
While the Sectional Title Schemes Management Act stipulates the general rules to ensure the compliance of the owners of a sectional title, trustees may, and often do make additional rules according to particular issues or needs in the scheme.
Instances such as use of the swimming pool, parking allocations, refuse disposal and rules pertaining to visitors may differ in the conduct rules specific to the complex.
It is important to know the rules before committing to a sale, as these are binding and can affect the decision to purchase.
Author: Prime Property Marketing
