Sectional title definition

Sectional title means a scheme in terms of which a building or buildings situated or to be erected in the Township is or are, for the purpose of selling, letting or otherwise dealing therewith, to be divided into two or more sections, or as contemplated in the proviso to Section 2(a) of the Sectional Titles Act;
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Sectional title means the separate ownership of a unit within a building;
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Sectional title means land or buildings which have been divided into sections of private as well as common ownership in terms of the Sectional Titles Act, Act 95 of 1986;
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Examples of Sectional title in a sentence

  • Sectional title deeds shall after approval be kept at the office of the conveyancer until claimed by the legitimate owner for a fee.

  • The Seller undertakes, within a reasonable time and at its own expense, to take such steps as may be reasonably necessary to open the Sectional title register.

  • Sectional title preparation of documentation or other work additional to the requirements of the Sectional Titles Act, 1986 (Act no 95 of 1986), for which duties or fees are not prescribed in the said Act.

  • Neither the Company nor any Subsidiary has engaged in any transaction that gives rise to (i) a registration obligation with respect to any person under Section 6111 of the Code or the regulations thereunder, (ii) a list maintenance obligation with respect to any person under Section 6112 of the Code or the regulations thereunder, or (iii) a disclosure obligation as a "reportable transaction" under Section 6011 of the Code and the regulations thereunder.

  • The parties record that it is not possible for the Seller to pass Transfer of the Unit to the Purchaser until such time as the Sectional title register is opened in terms of the Act and, if so opened, until the Unit has been separately rated by the local authority.


More Definitions of Sectional title

Sectional title. , means a unit registered in terms of the Sectional Title Act, includes any unit in the same Sectional Title Scheme registered in the name of the same owner which is used together with the unit as if it were one property, for example a garage or servant’s quarters.
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Sectional title means land or buildings that have been divided into sections of private and common ownership in terms of the Sectional Titles Act (Act 95 of 1986);
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