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Ownership of sectional title property involves a number of elements. The first element is the section, which is exclusively owned, and the second is the common property, which is owned by all the owners in undivided shares. The third possible element to sectional ownership is the right to exclusively use a certain part of the common property. ![]() Sectional title insurance
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The role of the trustees
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Insurance is an important area and trustees should take extra care in dealing with this. Trustees should be aware of the four statutory functions of a body corporate in respect of the insurance. Prescribed management rules (PMRs), and particularly PMR 29, set out in more detail how insurance should be controlled, managed and administered.
In this article, Mike takes a closer look at the four statutory functions, PMR 29 and what new trustee can and should do.
(reading time: ± 3 mins)
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From pro golfer to sectional title manager
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After 14 years as a golf professional, Craig wanted to move away from the 7-day working week and into “a real job”. Since he was interested in property, Craig started working for Campbell Baxter Properties in 2003 and bought the company in 2004. He is now the director.
He says the most important thing he has learned from the property industry is that customer service really counts and that honesty is vital. (reading time: 1 min)
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Geysers | Part 2
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In Paddocks Press articles, we are usually hesitant to promote any particular product or service. However, after my last article about geysers, I was flooded with emails from individuals who have had problems with their geysers and are looking for an alternative.
Based on this response, it seems evident that there is room for improvement in geyser design. After some investigation, we found a company that has made some substantial breakthroughs in geyser technology, and offer a product that we believe will benefit sectional title owners substantially. (reading time: ±1 min)
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Solutions to parking issues
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Considering the densification of South African cities and the increasing percentage of people with cars, it is no wonder that owners and occupiers of sections in sectional titles schemes often struggle with a lack of parking space. Owners often buy a unit in the scheme “with” a parking bay. However, this does not automatically mean that the buyer owns the parking bay.
In this article, Jennifer outlines a few ways to solve parking problems. (reading time: ±1 min)
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Monthly Q&A
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This month, we cover the following topics in our Q&A section:
• Problems with a development not selling well
• Inaugural scheme costs
• Inspection of units (reading time: ± 1min)
UCT (Law@Work) Sectional Title Scheme Management course
Registrations close: 26 November 2010
Be equipped to manage schemes according to the legal aspects of scheme management with this benchmark course.
Click here for further details on this
course.
Home Owners’ Association Management course
Registrations close: 11 February 2011
Learn all about the legal aspects of home owners’ association (HOA) management.
Click here for further details on this
course.
2011 course dates to be confirmed.