Sectional Title Living

To fully understand a sectional title scheme, we thought we would properly outline the definition as well as point out a few pros and cons.

Sectional title – describes separate ownership of units or sections within a complex or development. When you buy into a sectional title complex, you purchase a section or sections and an undivided share of the common property. These are collectively known as units. Sectional title dwellings comprise mini subtype houses, semi-detached houses, townhouses, flats or apartments, and duet houses.

The Pros

Fixed costs – Unlike owning a freehold property, owners of sectional title units pay a monthly levy instead. The levy includes the following costs: insurance premiums, maintenance of the common property, wages and salaries of cleaners, security and other staff involved in maintaining the common property, as well as any water and electricity required for the common property, giving them a fixed cost each month.

Community – Living in close proximity to your neighbours means you are going to see them a LOT, giving you a great opportunity to make friends and build a strong community with the people around you.

Security – Living nearby your neighbours and community will really give you a better sense of safety as it is way more secure than a living on a large piece of land with no neighbours; additionally, most sectional title developments have excellent security in and around the development and the entrance, this type of security is usually added into the monthly levies.

The Cons

Majority rules – Living in sectional titles means there is more than just your opinion, so when time for change comes, you might not be happy with the new rules that are put in place.

Lack of freedom – when you invest in a sectional tile arrangement, you will own part of a scheme, meaning that the owner has invested in and is part of a small community. As a result, they will need to obey the management rules and conduct rules as laid out by the BC. You also do not have full freedom to renovate or make any changes, any plans will need to be approved by the BC.

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