SECTIONAL TITLE SCHEME Clause Samples
A Sectional Title Scheme clause defines the legal framework for dividing a property into individually owned sections and shared common areas, typically in multi-unit developments like apartment complexes. This clause outlines the rights and responsibilities of individual owners regarding their units and the collective obligations for maintaining shared spaces, such as gardens, hallways, or pools. Its core function is to ensure clear ownership boundaries and shared management duties, thereby preventing disputes and facilitating the smooth operation of the property as a whole.
SECTIONAL TITLE SCHEME. DELETE IF NOT APPLICABLE
34.1 The Lessor will, prior to the Effective Date, establish a sectional title scheme on the property (“the Scheme”), of which the Premises will form part.
34.2 The Scheme will be registered in phases and provisions will be made for a real right to extend the Scheme (“the Right of Extension”).
34.3 The Premises might not be depicted on the plans which will be registered prior to the Effective Date, but will be reflected in the plans comprising the Right of Extension.
SECTIONAL TITLE SCHEME. Section Number(s) of SS: (known as Unit/Door Number ) Section Number/Exclusive Use Area _(known as Garage Number ) Section Number/Exclusive use Area (known as Store Room/Staff Room No ) Section Number/Exclusive use Area (any other ) in the Sectional Title Complex known as: and situated at No Street Erf No: with estimated floor size of m2, and estimated Monthly Levy of R and estimated Monthly Rates of R together with its undivided share In the Common Property apportioned to that/those Section(s) in accordance with the Participation Quota of that/those Section(s) (the PROPERTY), on the Terms and Conditions as set out herein.
SECTIONAL TITLE SCHEME. The Sectional Title Scheme, to be known as 56 ON GREY, or such other name as may be determined by the Seller in its sole discretion, to be established on the Erf.