Sectional titles have become popular among property owners over the last decade. Sectional titles tend to be more affordable, making it easier for young professionals to buy their own property.
Additionally, sectional titles offer heightened security and a more communal way of living. However, there are pros and cons to sectional title ownership.
A sectional title can refer to anything from a semi-detached house, a town house, a flat or apartment to a subtype house. Ownership of sectional title properties involves various elements, provided that the unit consists of a section plus an undivided share in the common property.
The first element is the section that is exclusively owned by the owner thereof. The second element is the common property which is owned by all the owners in undivided shares. The third element is the right to exclusively use certain parts of the common property, such as the garage, a garden or a storeroom.
Should you have any queries relating to sectional titles, contact the legal professionals at Van Deventer & Van Deventer Incorporated.
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