Archive for March 10th, 2008
Sectional Title: The Pros and Cons part 2
Monday, March 10th, 2008Group housing
Group housing is similar to sectional title in one way: it is high-density housing.
The laws covering group housing allow all units to be detached, whereas there have to be common walls in sectional title and share block schemes. With group housing:
full title is given over the unit and the land on which it [...]
Sectional Title: The Pros and Cons part 1
Monday, March 10th, 2008The Sectional Titles Act was passed by Parliament on June 10, 1971, and came into force on March 30, 1973, the current Act being 95 of 1986. But it has only been since 1980 that sectional title schemes have shot up all around South Africa like Namaqualand daisies after the first spring rains.
Much confusion still [...]
Time-sharing Summarized continue…
Monday, March 10th, 2008Fixed vs flexi or floating time and split weeks
Some schemes are for fixed periods in which case the owner purchases a specific week of the year. Because certain holidaymakers find it difficult to commit themselves to specified holiday time in advance, certain projects also offer flexi or floating time.
Under floating/flexi time a time-sharing interest [...]
Time-sharing Summarized
Monday, March 10th, 2008Time-sharing was invented in Europe in the early 60’s because of the high cost and scarcity of resort facilities and limited choices for holiday-conscious European families. Time-sharing thereafter came to America and South Africa and has become one of the fastest growing holiday alternatives. In South Africa there are resorts ranging from game farms to [...]
The Estate Agent/Attorney Relationship part 3
Monday, March 10th, 2008While some estate agents prefer to use their own forms, the seller is of course entitled to insist that his/her attorney examines all documentation before it is signed. The seller’s attorney is fully entitled to veto the proposed agreement and prepare new documentation. Because this will obviously cause delays and even lead to a breakdown [...]
