Unit Titles Act, 2008 (No. 16 of 2008).
Country
Type of law
Legislation
Abstract
This Act makes provision for the creation and registration of unit property, defines rights and obligations of holders of unit titles and provides for the management of unit property and the resolution of disputes.
Provisions of this Act concern, among other things: common property, division of units, boundaries of units, the unit plan, by-laws governing the common property, implied easements, leases of unit property, sale of unit property, mortgage and the establishment of an association to manage the unit property.
The ownership of common areas of the property shall be divided into fractions belonging to one or several co-owners and every co-owner shall hold an individual right of ownership in common areas equal to the relative size of his or her fractional size.
Provisions of this Act concern, among other things: common property, division of units, boundaries of units, the unit plan, by-laws governing the common property, implied easements, leases of unit property, sale of unit property, mortgage and the establishment of an association to manage the unit property.
The ownership of common areas of the property shall be divided into fractions belonging to one or several co-owners and every co-owner shall hold an individual right of ownership in common areas equal to the relative size of his or her fractional size.
Attached files
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Long title of text
An Act to provide for the management of the division of buildings into units, clusters, blocks and sections owned individually of co-owned and use of designated areas; to provide for issuance of certificate of unit titles for the individual ownership of the units, clusters or sections of the building, management and resolution of disputes arising from the use of common property; to provide for use of common property by occupiers other than owners and to provide for related matters.
Date of text
Repealed
No
Source language
English
Legislation Amendment
No