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Sectional Titles Amendment Act, 2010 (No. 11 of 2010).

Country
Type of law
Legislation
Source

Keywords

Abstract
This Act amends the Sectional Titles Act, 1986 in provisions concerning, among other things: the registration of a sectional mortgage bond; certification of registered sectional title or real right; and extension of schemes by notarial deed.
Long title of text
An Act 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.
Date of text
Repealed
No
Serial Imprint
Government Gazette No. 33849 of 7 December 2010, pp. 1-9.
Source language

English

Legislation Amendment
No
Amends