Sectional Titles Act, 2009 (Act No. 2 of 2009).
Country
Type of law
Legislation
Abstract
This Act makes provision for ownership rights in buildings which are divided in sections and in part owned in common ownership. It defines ownership and real rights in or over parts of buildings and land and provides for registration of title to ownership or other real rights in or over such parts. A developer who intends to establish a development scheme must follow procedures as set out in this Act. Owners of sections are jointly owners of the common property in undivided shares proportionate to the participation quotas of their respective sections as specified on the relevant sectional plan. The Act further, among other things, provides for the management of common property and establishes the Sectional Titles Regulation Board. The Board shall advise the Minister on further regulation of sectional titles and related matters.
Attached files
Long title of text
An Act to provide for the division of buildings into sections and common property and the acquisition of separate ownership in sections coupled with joint ownership in common property, the control of certain rights attaching to separate ownership in sections and joint ownership in common property, the transfer of ownership of sections and the registration of sectional mortgage bonds over, and real rights in, sections, the conferring and registration of rights in, and the disposal of, common property; the establishment of bodies corporate to control common property and for that purpose to apply rules; to establish the Sectional Titles Regulation Board; and to provide for incidental matters.
Date of text
Entry into force notes
This Act comes into operation on a date determined by the Minister by Notice in the Gazette.
Repealed
No
Serial Imprint
Government Gazette of the Republic of Namibia No. 4259, 14 May 2009, pp. 1-75.
Source language
English
Legislation Amendment
No