Buying / Step-by-Step Guide / Types of Properties / Checklist / Estate Agents / Expenses / Required Documents
1. Sectional title:
This type of ownership means that you own a section of the property (e.g. your apartment or townhouse). The rest of the property not owned by individual owners is called the "common property" and is owned jointly by all the people owning "sections".
A Body Corporate is elected that will make decisions (usually by vote) regarding the common property as well as services used by all the owners. All the owners also pay a monthly levy that is used to pay rates and taxes, insurance, maintenance, etc.
There are different types of sectional title properties:
- townhouse or flat,
- semi-detached house and
- duet house.
2. Full title:
This type of ownership means that you own the full property. There are different types of full title properties:
- cluster housing and a