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DO YOU LIVE IN AN ESTATE , COMPLEX , COMMUNITY PART OF A BODY CORPORATE OR SECTIONAL TITLE SCHEME - COMMON PROPERTY PART 1

Thank you to CIA UNDERWRITERS for their information

 


 

According to the Sectional Title Schemes Management Act (STSMA), common property falls into 3 main areas:

  • The land in the scheme;
  • Those parts of the building or buildings that are not included in a section (a section is the area inside a unit between the walls including the ceiling, floor, doors and windows) and;
  • Any extra land that the body corporate decides to buy to increase the common property size (after the written consent of all its members have been obtained).

Common property is therefore owned by all members of the body corporate in undivided shares according to the participation quota of their respective sections.  In simple terms, the size of the sectiondetermines the size of the share that the unit owner holds in thecommon property.

Because it is an “undivided share” no one can request the land on which the scheme is built, or any other parts of the common property be divided or separated. This is simply not possible from a practical or legal point of view.

Article courtesy of Marina Constas and Karen BleijsDemystifying Sectional Title 

In Part 2 of this newsletter we will look at Minor alterations to Common Property - Trustee Consent.

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