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a112010.pdf | 467.33 KB |
11 of 2010
The Sectional Titles Amendment Act 11 of 2010 aims:
- to amend the Sectional Titles Act, 1986, so as:
- to amend certain definitions;
- to redefine the boundaries between certain sections and common property;
- to regulate the substitution of bonds registered in respect of different pieces of land shown on the sectional plan;
- to provide for the issuing of certificates of real rights of extension and certificates of real rights of exclusive use areas at the opening of a sectional title register;
- to provide for the issuing of more than one certificate of real rights of extension and more than one certificate of real rights of exclusive use areas;
- to further regulate the cancellation of registered sectional plans; to provide for the issuing of a certificate of registered sectional title in respect of a fraction of an undivided share in a section;
- to provide for a notice to a mortgagee for consent to proposed extensions to a section in a scheme;
- to provide for the extension of a scheme by the addition of rights to exclusive use areas only;
- to provide for a right of extension of a scheme in respect of a building or buildings that already exist;
- to provide for the deletion of a provision pertaining to certain administrative expenses payable by a developer;
- to provide for the deletion of a superfluous reference to urban immovable property;
- to provide for the production of a certificate by a conveyancer regarding the payment of moneys in respect of the cession of real rights;
- to provide for a cession of real rights to exclusive use areas within a specific time for the benefit of owners of sections;
- to further provide for the vesting of rights to exclusive use areas where an owner ceases to be a member of a body corporate;
- to provide for the cancellation of exclusive use area rights with the written consent of the mortgagee and holder of a registered real right;
- to further provide for the regulation of consent of bondholders for the registration of servitudes;
- to provide for the payment of certain contributions by a developer towards the defrayal of certain rates and taxes and the maintenance of common property;
- to further provide for liability for payment of contributions where ownership in units changes;
- to provide for the levying of special contributions by the trustees of a body corporate;
- to provide for the use of exclusive use areas for purposes depicted on the registered sectional plan only;
- to substitute obsolete references;
- to delete and amend certain incompatible provisions no longer applicable; and
- to provide for matters connected therewith.
Commencement
7 December 2010