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

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Cape Town, Western Cape, South Africa
Lake Properties, Cape Town is a young and dynamic real estate agency located in Wynberg, Cape Town. We offer efficient and reliable service in the buying and selling of residential and commercial properties and vacant land in the Southern Suburbs including Bergvliet,Athlone,Claremont,Constantia,Diepriver,Heathfield,Kenilworth,Kenwyn,Kreupelbosch, Meadowridge,Mowbray,Newlands,Obervatory,Pinelands,Plumstead,Rondebosch, Rosebank, Tokia,Rondebosch East, Penlyn Estate, Lansdowne, Wynberg, Grassy Park, Steenberg, Retreat and surrounding areas . We also manage rental properties and secure suitably qualified tenants for property owners. Another growing extension to our portfolio of services is to find qualified buyers for business owners who want to sell businesses especially cafes, supermarkets and service stations. At Lake Properties we value our relationships with clients and aim to provide excellent service with integrity and professionalism, always acting in the best interest of both buyer and seller. Our rates are competitive without compromising quality and service. For our clients we do valuations at no charge

Difference between a unit or section in a sectional title complex

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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.

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