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We are pleased to present below all posts tagged with 'Body corporate rules'. If you still can't find what you are looking for, try using the search box.
In the same way that trustees determine the levies for the year ahead during their annual general meeting, they also determine what interest rate will be applied to levies in arrears.
The Sectional Titles Schemes Management Act 8 of 2011 highlights the responsibility of the body corporate in the maintenance of the common property. It also indicates that each unit owner is responsible for maintaining their section.
The rules of the scheme will help to determine if fining rules can be imposed by the body corporate of a sectional title scheme. The penalty rule will must be in the management rules or conduct rules in order for it to be enforceable.
Sectional titles have become popular among property owners over the last decade. Sectional titles tend to be more affordable, making it easier for young professionals to buy their own property.
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