Property Investing and Real Estate in South Africa - Sectional Title Series 2

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Sectional Title Series 2 - The Body Corporate and Functions

This article is part 2 of our sectional title series explaining the Body Corporate and its responsibilities. The Body Corporate is comprised of all the owners of a sectional title scheme. An investor buying into a sectional title scheme will automatically belong to the Body Corporate on registration of the unit (this is not optional). The owners that make up the Body Corporate have a responsibility to make sure that the scheme or complex is run efficiently and according to the Sectional Titles Act 95 of 1986. It stands to reason that all owners therefore collectively have that responsibility.
Read more at: Property Investor Network