Sectional title schemes that were financially poorly managed ran into various problems in the past. As a result a lot of distressed owners not only saw the scheme’s ongoing deterioration but also had to come to terms with the inevitable and sometime sharp depreciation in...
There is an updated version of the Electrical Compliance Certificate newly formatted in accordance with Regulation 7(1) of the Electrical Installation Regulations, 2009 and DEPARTMENT OF LABOUR OCCUPATIONAL HEALTH AND SAFETY ACT, 1993. It is important for Sellers, Transfer Attorneys and Financial Institutions to ensure...
DEED OF SALEentered into between: Identity number: ________________________________Domicilium: ________________________________________________________________(“the Seller”) and Physical address: ______________________________________________________________Postal address: ________________________________________________________________e-mail address: ________________________________(“the Purchaser”) 1. PART A – INTRODUCTION 1.1 The Seller hereby sells to the Purchaser who hereby purchases:- Description on Title Deed/Sectional Title Plan ________________________________Extent...
On the 7th of October 2016 the Sectional Title Schemes Management Act (8 of 2011) (“the Schemes Management Act”) and the Community Schemes Ombud Service Act (9 of 2011) (“the Ombud Service Act”) were proclaimed. The two Acts work in conjunction to improve the regulation...
Important terminology in sectional titles 1. Sectional Title Plan = in relation to a scheme, means a plan approved by the Surveyor General; Which is described as a sectional plan; Which shows the building or buildings and the land comprised in the scheme, as divided...
1. What is SPLUMA? The Spatial Planning and Land Use Management Act 16 of 2013 (SPLUMA) is a national law that was passed by Parliament in 2013. The law gives the Department of Rural Development and Land Reform (DRDLR) the power to pass Regulations in...