Welcome to Lake Properties PROPERTY CAPE TOWN Lake Properties is a young and dynamic real estate ag

My photo
Wynberg, Cape Town, South Africa, Western Cape, South Africa
Lake Properties is a Wynberg-based real estate agency serving Cape Town's Southern Suburbs — Claremont, Constantia, Rondebosch, Plumstead, Kenilworth, Bergvliet, Diep River and surrounding areas. We handle sales and rentals of residential and commercial property, vacant land, and small businesses (cafés, supermarkets, service stations) — a niche most agencies in the area don't touch. Services: free property valuations, landlord tenant-placement, and buyer/seller guidance from a principal completing the NC Real Estate Level 5 qualification. 📞 083 624 7129 🌐 lakeproperties.co.za

Sunday, 4 May 2025

Difference between a unit or section in a sectional title complex

Lake Properties          Lake Properties 

Lake Properties       Lake Properties

1. Section

  • This is your personal property in the complex.
  • It’s registered in your name in the Deeds Office.
  • Examples of a Section:
    • Your flat, townhouse, or apartment.
    • Possibly a garage or storeroom if it’s registered separately (not just assigned for exclusive use).
  • You have full ownership rights over this space — you can sell, rent, or renovate (within rules).

2. Unit

  • A unit includes:
    • The section (your apartment/townhouse),
    • PLUS a share in the common property (everything that all owners share).
  • The unit is what is recorded when you buy into a sectional title scheme.

Common property includes:

  • Corridors
  • Staircases
  • Lifts
  • Gardens
  • Driveways
  • The building exterior
  • Security gates, roofs, etc.

Participation Quota (PQ):

  • Your share in the common property is called a participation quota.
  • It is usually based on the floor area of your section.
  • It determines your:
    • Monthly levies
    • Voting power in the body corporate

Analogy:

  • Think of the section as your private home.
  • Think of the unit as your home plus co-ownership in the estate's park, roads, and security system.

Lake Properties                      Lake Properties

No comments:

Post a Comment

Why Are Rondebosch East Homes More Expensive Than Crawford's Despite Similar Plot Sizes?

  Lake Properties Lake Properties Why Are Rondebosch East Homes More Expensive Than Crawford's Despite Similar Plot Sizes? P...

Lake Properties,CapeTown