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!
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Original source: STBB – Thought Of The Week 

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3 Responses to Questions to consider when Investing in Sectional Title

  1. Thanks for sharing our work. May we ask that you please acknowledge STBB as the writers of this Thought of the Week? Thank you.

  2. Dilly says:

    Gee wislekirl, that’s such a great post!

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