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Team Sectional Title covers sectional title in Cape Town South. Sectional title schemes appear most commonly in traditional residential homes in the form of flats, townhouses and apartments.

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Sectional title schemes appear most commonly in traditional residential homes in the form of flats, townhouses and apartments

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Ask us and we will give you the correct answer from our Sectional Title specialists.

IMPROVEMENTS TO A SECTIONAL TITLE SCHEME

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The trustees of a body corporate may decide to add an improvement to the scheme’s common property, or to remove it. Different rules apply, depending on whether the improvement is considered to be “luxurious” (for example a swimming pool) or “non-luxurious”(for example a security gate).  Luxurious improvements may only be effected if they are authorised by a unanimous resolution of all owners.   On the other hand, in order to effect a non-luxurious improvement, the trustees must give at least 30 days’ notice to all owners of the intended improvement, detailing the costs, financing, need and desirability thereof. If a special general meeting is then requested by the owners, a special resolution must be passed to authorise the intended non-luxurious improvement. If no meeting is requested, the trustees may proceed.

For more information, contact us at STBB

Charlene Faint ; “Thank you!”

charlene

Show Time this Weekend

Bring on that flare in Kenilworth:

Kenilworth ApartmentCedar Wood is a small complex both attractive, secure and well managed. The apartment is located on a quiet street with a park close by for the children to play in. Perfectly positioned near to superb restaurants, St James Church, Spar and the new Pick n Pay on Rosmead Avenue. Read more about this Kenilworth apartment for sale.

Contact Chas Everitt agent Charlene Faint on 083 765 2116 for further queries.

*Showhouses are this Sunday, 14 February 2016 from 2 – 5pm.

Free Property Valuation

Sectional Title ValuatorObtaining a property valuation is an essential step when thinking of selling but for other purposes too such as estate planning, insurance purposes and to keep up with your asset values.  So even if your move is not imminent, an apartment valuation still proves an excellent tool for indicating current market value, and possible room for improvements to increase the value of your apartment.

An online apartment valuation is a useful tool to get a quick and easy estimate of the actual price of your property.

By answering a few easy questions on the current condition of your apartment in the Southern Suburbs, our complimentary property value calculator, using the latest GIS (Geographical Information System) will provide you with an indication of how much money you could potentially make from the sale of your apartment if you are intending to sell or for the other purposes indicated above.

A feature unique to Valuator provides references to recent final property sales in selected Cape Town Metropolitan Areas, which have yet to be recorded in the Deeds Office. This value added feature ensures that our reports are reliable and up-to-date.Button BlackValuator is a service provided by: HOMEimage.

*HOMEimage is not an estate agency and offers specialised marketing solutions to property developers, hospitality industry, private property sellers and agents, such as 3D models, floor plans, virtual tours, professional photography, drone aerial photography, property marketing materials, and project management.

Give Away | Property Power

property powerProperty Power is giving away 10 copies of the 11th edition of ‘Property Power in South Africa’. To be entered into this draw subscribe to our Team Sectional Title blog. Winners will be announced on the Friday 26 February 2016 on our blog.

Buying or selling a home as well as moving, can be one of the most stressful experiences in your life, even more so if you are not properly informed, and it is probably one of the most important investments you will make. You need to understand your rights and obligations and learn to take control of the process.

Property and its wealth creating power is not an exact science, but a very complex industry, in which most of us share an interest. Property Power is designed to empower home buyers, home sellers, first-time property investors and owner-builders/renovators with knowledge regarding important aspects of purchasing and selling immovable residential property.

Too many people run into financial difficulty and have to live with disappointments after making hasty decisions and not taking control of their property transactions. Property Power is a magazine (including an interactive PC CD-Rom) in which we cover the most important facts with regard to property transactions as comprehensively as possible, while keeping it simple, user-friendly and easy to read.

If you missed out on the previous editions, don’t despair. Each year, after the Minister of Finance announces the new Budget, we update Property Power and release a new edition. Everything discussed in the previous edition is simply revised and modified to the latest developments, figures and legislation in the market and newly researched material is added.

Updated Information
Property Power is updated and published regularly. You can visit our website at any time to make sure that you have the latest edition and that you are not missing out on any new information, like amendments to certain acts, or changes in the interest rate, budget speech, and so on. We endeavor to update Property Power at least once a year, however sometimes an edition may be relevant for two years.

Read more

Tranquil Cedar Wood

Kenilworth borders Wynberg and Claremont and is one of the most well loved and established areas in the Southern Suburbs of Cape Town.

Located in the heart of the Southern Suburbs and known for being a quiet little suburb, Kenilworth is close enough to all of the family orientated facilities which is ideal for young family.

Bring on that flair in Kenilworth:

Kenilworth ApartmentCedar Wood is a small complex both attractive, secure and well managed. The apartment is located on a quiet street with a park close by for the children to play in. Perfectly positioned near to superb restaurants, St James Church, Spar and the new Pick n Pay on Rosmead Avenue. Read more about this Kenilworth apartment for sale.

Contact Chas Everitt agent Charlene Faint on 083 765 2116 for further queries.

Do you live in a Burglary Hot Spot or a Suburb Safe Zone?

neighbourhood“If property owners do not take collective action as a neighbourhood community, the affect on everyone’s property values in that neighbourhood could be very negative”, says Cape Town real estate broker, Andre de Villiers from Cape Town.

De Villiers was previously a Neighbourhood Watch Chairperson for a popular Cape Town coastal suburb. “My experience is that there are far too few residents prepared to get involved in neighbourhood security unless there is a dramatic spike in crime or a violent attack. The majority of residents it seems are only too happy to leave the collective security concerns to someone else”.

“As the owner of four real estate offices in Cape Town, I can confirm that buyers are increasingly asking agents for more details about security issues in the neighbourhood of the house they are interested in. The focus on the individual house’s security is correctly seen as something that can be resolved by the buyer, but the area’s reputation and crime statistics are a greater concern, as a buyer knows this will probably be an issue that falls outside their immediate control.”

There is certainly a demand for reliable data but this is not as easy to obtain as some may think. Many smaller incidents are not reported to the police and many private security services treat their information as confidential and many neighbourhood watch groups are understandably concerned that their neighbourhood could suffer if their efficiency in keeping records resulted in a negative message!

“I think any professional estate agent should have some reasonable methodology to answer security questions from buyers objectively about the neighbourhood. We can’t put our head in the sand over this issue and a lack of access to reliable data is certainly a challenge,” said de Villiers.

The message to property owners is to ‘buy in’ to the responsibility of keeping their neighbourhood safe and crime free through collective action, and thereby collecting a ‘collective security dividend’. “Imagine if you will, a pocket of houses that is able to claim and where the seller or agent can statistically show, that the subject area is the safest area in this suburb! If that’s not a great selling feature then, as a real estate professional with over thirty years experience, I am not sure what is!” said de Villiers.

Pets in Sectional Title Schemes

petsPet owners should familiarize themselves with the prescribed conduct rules in a sectional title scheme before they commit to purchasing or occupying a unit therein. This is because the legal principle “caveat emptor” applies and a buyer is expected to have knowledge of the rules applicable to the scheme.

Some schemes have rules which prohibit the keeping of any pets. Others provide that the owner/occupier of a section may only keep certain pets with the written consent of the trustees, which consent may not be unreasonably withheld. In the latter instance, should an owner feel that the trustees have unreasonably withheld consent, a court may be approached for a declaratory order.

For more information, contact us at info@stbb.co.za

Original Source: STBB

Questions to consider when Investing in Sectional Title

A little homework goes a long way when considering the purchase of a sectional title unit. Points to questionponder:

  • What is sold with the unit?
  • Are there parking bays, garages and storerooms?
  • Are these facilities allocated by the body corporate in terms of the rules of the scheme, or are they exclusive use areas?
  • Do you need to make a contribution for these facilities?
  • Are there enough visitors’ parking bays?
  • Are there open pieces of land around the complex and has the developer reserved a right to extend the scheme in phases?
  • Can you have copies of the conduct rules of the complex, as well as copies of the audited financial statements?
  • What amounts are owing by the body corporate to the municipality?
  • What are the monthly levies?
  • Are there any special levies likely to be raised in the future?

If you have a Sectional Title query Send an enquiry!
Ask us and we will give you the correct answer from our Sectional Title specialists.

Original source: STBB – Thought Of The Week 

Show Time this Sunday in Rondebosch

Rondebosch ApartmentGrotto Mews is nestled in the hub of Rondebosch, one of the Southern Suburbs of Cape Town. It is primarily a residential suburb, with a medium-size shopping area. This complex is within walking distance from Riverside Mall, a small business district as well as the main campus of the University of Cape Town. Read more about this Rondebosch apartment for sale.

Contact Chas Everitt agent Charlene Faint on 083 765 2116 for further queries.

*Showhouse is this Sunday, 20 December 2015 from 2pm – 5pm.