A little homework goes a long way when considering the purchase of a sectional title unit. Points to 
ponder:
- 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
Social tagging: Sectional Title
