Real Estate Investor Magazine South Africa August 2015 | Page 25

REI RESIDENTIAL

NEW REGULATIONS FOR SECTIONAL
TITLE SCHEMES

EXPERT Q&A
THESEN ISLANDS BECOMES
KNYSNA’S BIGGEST SELLING SUBURB

A

mendments to the Sectional Title Regulations sees the welcome return of
the power of trustees to increase levies before the Annual General Meeting
by up to 10%.
Newly included Management Rule 4Aa, states that: “After the expiry of a
financial year and until they become liable for contributions in respect of the
ensuing financial year, owners are liable for contributions in the same amounts
that are payable [