Full-title or freehold properties
Sectional-title properties
,Full-title or freehold properties
Person who buys home becomes legal owner of entire property
Responsible for all costs (rates [pay government for privilege of
owning land] & taxes)
Upon purchasing, received title to property & ownership registered
at Deeds office
Sectional-title properties
Units or sections of building are individually owned
Flats, apartments, duplex townhouses, duets
Owns shares of all common property (lifts, passages, garden
area, pool, staircases)
Monthly levy (used to run scheme) for garden maintenance,
security and waste-disposal
Quota = worked out based on size of floor area (determines value
of their vote; amount of share of common property; monthly levy)
, Shareholding block
RENTING
Sectional-title properties
,Full-title or freehold properties
Person who buys home becomes legal owner of entire property
Responsible for all costs (rates [pay government for privilege of
owning land] & taxes)
Upon purchasing, received title to property & ownership registered
at Deeds office
Sectional-title properties
Units or sections of building are individually owned
Flats, apartments, duplex townhouses, duets
Owns shares of all common property (lifts, passages, garden
area, pool, staircases)
Monthly levy (used to run scheme) for garden maintenance,
security and waste-disposal
Quota = worked out based on size of floor area (determines value
of their vote; amount of share of common property; monthly levy)
, Shareholding block
RENTING
