Managing all Sectional Titles
The Sectional Properties Act No.21 of 2020 (the “Sectional Properties Act”) as read with the Sectional Properties Regulations, 2021 (the “Sectional Regulations”) provides for the division of buildings to units and issuance of sectional titles to purchasers who buy units/apartments from developers.
In the realm of sectional title properties, service charges represent a crucial aspect of maintaining and managing shared spaces and amenities. These charges are levied upon unit owners to cover the costs associated with upkeep, repairs, and various services provided within the development.
A corporation is a body corporate that comprises of all the unit owners of a particular development. Examples of developments would include apartments, flats, maisonettes, townhouses or office units.
A. BACKGROUND Th ...
COMPLYING WITH SECT ...