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37172gon1021.pdf | 292.38 KB |
33 of 2013
The Sectional Titles Amendment Act 33 of 2013 aims:
- to amend the Sectional Titles Act, 1986, so as:
- to amend certain definitions;
- to further regulate notification of the intended establishment of schemes and the sale of units to lessees;
- to provide for the cancellation of registered sectional plans in a prescribed manner;
- to regulate the issuing of a certificate of registered sectional title in respect of a fraction of an undivided share in a section;
- to provide for the deletion of an obsolete reference;
- to provide for the registration of a transfer of a part of the common property with the consent of the owners of the sections and the holders of registered real rights;
- to provide for the endorsing of title deeds to reflect amended participation quota schedules;
- to regulate the alienation of a portion of land over which a real right of extension or part thereof is registered;
- to provide for the consent of holders of registered real rights over exclusive use areas to the alienation of common property;
- to provide for the cession of a mortgage real right of extension and a mortgage real right of exclusive use area;
- to provide for the cancellation of part of a section pursuant to an expropriation;
- to further provide for the consent of bondholders with the registration of a sectional plan of extension;
- to provide for the issuing of more than one certificate of real right of extension and more than one certificate of real right of exclusive use area; and
- to provide for matters connected therewith.
Commencement
18 December 2013