New accounting and audit requirements for bodies corporate. Sectional title ownership is possible in highrise buildings, lowrise clustered. Understanding sectional title how is the amount of the levy determined. The sale of a unit in a sectional title scheme cannot go through until the outstanding debt is settled. The sectional title department at bbm attorneys has experienced phenomenal growth over the past ten years. Demystifying sectional title is a consumer rights madeeasy book which simplifies what sectional title is all about and a musthave for consumers who occupy this space. Marina constas is a specialist sectional title attorney and a director at bbm attorneys.
Oclcs webjunction has pulled together information and resources to assist library staff as they consider how to handle coronavirus. Demystifying sectional title coauthors, marina constas and karen bleijs. However, the new rules and regulations now require that all sectional title schemes annual financial statements be audited unless all the sections in a sectional title scheme are registered in the name of one person on 7 october 2016 the sectional titles schemes. Our firm was instructed to attend to the transfer of a sectional title unit from an insolvent estate. Specialist sectional title attorney marina constas, a director of bbm attorneys and coauthor of the book, demystifying sectional title, says that she continually receives novel queries from.
As an owner of a unit in a sectional title scheme, you own the following. Condominium is a latin word formed by adding the prefix contogether to the word dominium domain, property, ownership. The advice is insightful based on the coauthors many years of experience and most importantly conveys knowledge in a readable manner. Marina is a specialist sectional title attorney, and has become a household name in the industry having coauthored two editions of the bestselling book demistifying sectional title.
Those parts of the building or buildings that are not included in a section a section is the area inside a unit between the walls including the ceiling, floor, doors and windows and any extra land that the body corporate decides to buy to increase the common property size after the. Introductory booklet for sectional titles graham paddock 3. Marina is a director of bbm attorneys, a specialist sectional title attorney, and is a well known speaker and qualified arbitrator. Specialist sectional title attorney marina constas, a director of bbm attorneys and coauthor of the book, demystifying sectional title,says that she continually receives novel queries from sectional title owners, bodies corporate and managing agents, after 17 years in the business in a recent case, the trustees of a complex were in a quandary over whether.
The reason why this would be problematic is that a garage is intended to be used as a space for. A new sectional title arbitration panel has been formed, which will mean that sectional title home owners can look forward to a more affordable and expedient process to resolve the disputes that. Change of use a paddocks sectional title lifestyle blog. She gives talks and seminars to owners, trustees, managing agents and estate agents around the country, and has an excellent reputation in her field. Specialists in managing sectional title schemes, hoa property management and trustees training. Subscribe to our newsletters keep up to date with van schaik bookstore.
Marina constas, the coauthor of demystifying sectional titles, talks to us about the rules of sectional titles. A minefield of new legislation and the growing popularity of communal living in south africa are among the factors behind a new book aimed at educating and informing those living, buying or leasing property in a sectional title complex or residential estate or, anyone who. The five essentials of sectional title insurance insurance is frequently the cause of disagreements and disputes in sectional title schemes, but it need not be if unit owners, trustees and their managing agents just keep a few basic principles in mind. Explaining all aspects pertaining to sectional titles, the book demystifying sectional titles is a mustread for anyone interested in owning, selling, renting, or just gaining general knowledge on the subject. Condominia the plural of condominium in latin originally referred to territories over which two. Introductory booklet for sectional titles kibo property services. From the getgo, demistifying sectional title simplifies concepts and terminology, bringing home the practicality of living in a sectional title scheme. The 3 rd edition of demystifing sectional title continues to be a powerful source of information for all involved in sectional title property management, sales, rentals and ownership. Demystifying sectional title marina constas, karen. Free legal advice for sectional title owners private. Sectional title property management posts facebook. Property news sectional title new book released, demystifying sectional title a minefield of new legislation and the growing popularity of communal living in south africa are among the factors behind a new book aimed at educating and informing those living, buying or leasing property in a sectional title complex or residential estate or.
Mustread property book explaining all aspects pertaining to sectional titles, the book demystifying sectional titles is a mustread for anyone interested in owning, selling, renting, or just gaining general knowledge on the subject. However, its how these disputes are resolved that is becoming an increasingly thorny issue, according to specialist sectional title attorney, marina constas, a director of bbm attorneys and the coauthor of the bestselling book, demystifying sectional title, which is the definitive guide for anyone living, buying or leasing property in a. Marina is a director of bbm attorneys, a specialist sectional title attorney, and is. The city of johannesburg refuses to issue a clearance certificate because the outstanding amount due to it by the sectional title complex is over r480 000. Know when to silence the body corporate sowetanlive. Chapter 6 establishment of a sectional title scheme. The book is a tribute to the late bob gauld, doyen of sectional title in south africa, and mentor to the authors. A minefield of new legislation and the growing popularity of communal living in south africa are among the. Providing an excellent, specialised service to the sectional title industry has always been the aim of this dynamic team. Free advice for sectional title owners 24 jan 20 in a recent case, the trustees of a complex were in a quandary over whether they could prevent a sectional title owner from having a burly body guard stationed in the corridor outside his front door. The sectional title survival manual is a book that covers topics from the basics to the termination of a scheme for anyone involved in property management. She believes in the free flow of information as a empowerment tool. Advice and opinion new book released, demystifying sectional title. Sectional title and developments bbm law, areas of practice.
This is part 2 of her talk presented to estate agents hosted by jan l jordaan inc. New book released, demystifying sectional title property wheel. A minefield of new legislation and the growing popularity of communal. The purpose of the sectional titles schemes management stsm act, no 8 of 2011 is to provide for the establishment of bodies corporate to manage and regulate sections and common property in sectional titles schemes and, for that purpose, to apply rules applicable to such schemes and a sectional titles schemes management advisory council. Keeping pets in a sectional title property professional.
Lanice steward, md of anne porter knight frank apkf, says anyone thinking of buying into a sectional title scheme should never do so without first seeing the bcs financial statement and house rules. If you want a more detail read our free introduction to sectional titles booklet agm. Open library is an initiative of the internet archive, a 501c3 nonprofit, building a digital library of internet sites and other cultural artifacts in digital form. Sectional title ownership is possible in highrise buildings, lowrise clustered structures or entirely separate buildings. The legal entity that exists to manage and control the common property, made up of all owners of units in the scheme. Chapter 8 the sectional owners right of use and enjoyment.
Advice and opinion where does your lease stand during the lock down. Read the comprehensive manuals and books available, e. Specialist sectional title attorney marina constas, a director of bbm attorneys and coauthor of the book, demystifying sectional title. Sectional title is a system in which sections of buildings are individually owned. Advice and opinion remax predicts even slower growth as the economy recovers. According to the sectional title schemes management act stsma 3 main areas the land in the scheme.
Numerous and frequentlyupdated resource results are available from this search. Previously, only sectional title schemes with ten or more units were required to have their annual financial statements audited. When it comes to selling a unit in a sectional title scheme and the levies are in arrears for that particular unit, the body corporate is in the powerful position of being able to withhold a levy clearance certificate until the full amount is paid. The updated edition bears testament to the enormous popularity of the book. Sectional titles and other fragmented property schemes 1st. Minor alterations to common property part 2 in part 1 of this series, we had a look at what is common property, in this part we will be looking at minor alterations to common property trustee. Sectional title definitions and terms explained thinking. A guide to sectional title living this document contains important information regarding sectional title living. Demystifying sectional title is a consumer rights madeeasy book which simplifies what sectional title is all about and a musthave for. This book is the map to navigating the minefield of the new legislation governing living in and managing sectional title schemes. It often occurs in sectional title schemes, that owners use parts of their sections or exclusive use areas for a purpose other than it was originally intended to be used an example is, when an owner converts his garage into a bedroom, lounge or office space. A critical analysis of the financial and social obligations imposed.
Selling a unit when levies are in arrears private property. Sectional title is the fastest growing sector of the sa housing market and because many of the units on offer are affordable, these people are sitting ducks for the sectional title. Sectional title property management, somerset west, western cape. She coauthored the book demystifying sectional title, a guide to living in, buying or leasing property in a sectional title complex. Marina constas demystifying sectional titles youtube. No, sectional title developments can include homes, offices, shops, factories, holiday accommodation, etc. Volume 1 provides lawyers and law students with a systematic and detailed analysis of the legislation and. Reliable information about the coronavirus covid19 is available from the world health organization current situation, international travel. Theres now finally a book that answers all your possible questions and gives advice about every aspect of. Free advice for sectional title owners home owners, advice. Fletcher and another v montega body corporate 34654. Sectional title survival manual property book paddocks. Chapter 7 statutory protection of purchasers and tenants.