Residential Guidebook Residential Guidebook 2013 | Page 29

or sports clubs in the area, then buying into a development such as this could be the right option for the buyer. Sectional title, in simple terms, is joint ownership of a property. All owners must contribute in the form of monthly levies in addition to the purchase price of the home. The levies cover monthly expenses of the sectional title scheme like insurance and maintenance on the exterior of the building as well as the communal areas. Owning a freehold property means the owner is responsible for all of these himself. Joint ownership in a sectional title development means working closely with other owners to ensure the property is maintained and insured properly and that the body corporate, trustees or managing agents are handling administration and levy control properly. With a ??????????????????????????????????????)?????????????????????????????????????????)?????????????????????????????????????????????)?????????????????????????????????????????)??????????????????????????????????????????)?????????????%??????????????????????????)??????????????????????????????????????)?????????????????????????????????????????????)???????????????(+?qQ??????????????????????????????????????????)?????????????????????????????????????????)??????????????????????????????????????????e?)??????????????????????t????? ???? ??????????)?????????????????????????????????????????)????????????????????????????????????????)??????????????????????????????????+?qQ?????????????????????????????????????)????????????????????????????????????????????)????????????????????????????????t????? ???)??????????????()Q???????????????????????????????????????????)??????????????????????????????????????)????????????????????????????????????????)????????????(+?q ???????????????????????????????????????)??????????????t????? ?????q ?????????????)???????????????????????????????????????????)??????????????????????????????????????????)?????????????????????????????????????????)????????????????????1??????????????????????)?????????????????????????????????????????)???????????????????????????????????????????)??????????????????????????????????t)Q??????????????????????????????????????)???????????????????????????????????????????)Q???????+ ?$($+ ?$($+ ?$($+ ?$($+ ?$($($($+ ?$($+ ?$($+ ?$($+ ?$()??????????????????????????$$)????????????)????????????????????????????????????$)?????????)???????????????????????????????$$()??????????????????)??????????????????????????????????$$)????????????????????????????????????)??????????????????????????????????????$)????????????????????????????????????$)????????????????????????????????????$$)??????e????????????)????????????????????????????????????$)?????????!=????????????????)???????????????????????????????????$)?????????????????????)????????????????????????d??????????????)?????)???????????????????????????????????()IM=UI L)%!4()I?????????!????????????((??((0