Bio: Da Costa Incorporated is a specialist conveyancing, notarial, and property law firm that was founded 15 years ago by Annabelle da Costa. With five branches in KZN, the company has become the preferred professional property law partner for many large-scale and smaller agencies alike. Vanessa Williams, an Attorney, Conveyancer and Notary Public from the Mount Edgecombe Branch breaks down some of the biggest misconceptions about sectional title schemes.
Misunderstandings About Sectional Title Extensions
Homeowners are often under the impression that when extending their unit or, for example, enclosing a patio, that only Body Corporate Consent and/or Building plans are required. They do not realise that an amending sectional plan of extension may be required, which must first be approved by a Special Resolution from the Members of the Body Corporate. The plans must then be drafted by a Land Surveyor or Architect, approved by the Surveyor General, and the extension registered in the Deeds Office.
The Most Underestimated Property Document
The sale agreement itself, as well as the mandatory Property Disclosure Form, which is annexed to the agreement, which requires that any defects in the property be disclosed by the Seller. The Seller and Buyer may not read the fine print in the sale agreement or fully understand their respective obligations in terms of the sale agreement.
Future-Proofing Property Transactions
It is important to contact a property specialist to run through any agreement of sale that you, as a Seller or Purchaser, may be considering entering into, before you sign the agreement, ensuring that both parties’ interests are protected and that any potential pitfalls are avoided.
Tel: 031 502 6902
Website: www.dacostaattorneys.co.za