Why living in a sectional title scheme is a great choice
If you are one of the owners of our scheme, you have made a smart decision to invest in a sectional title property. Sectional title living has many advantages, such as enhanced security, shared costs, access to amenities, and professional management. In this post, we will explore some of the benefits of living in a sectional title scheme and how we can foster a harmonious and respectful community.
What is a sectional title scheme?
A sectional title scheme is a type of property ownership where you own a section of a complex or development, such as a townhouse or an apartment, and an undivided share of the common property, such as the parking areas, roads, gardens, and recreational facilities. You also become a member of the body corporate, which is the legal entity that owns and controls the common property and makes the rules for the scheme.
Our scheme consists of 90 units, each measuring 110 square meters, and covers a total footprint of 4.5 hectares. We have a beautiful open field where children can play and a clubhouse. We also have a managing agent who takes care of the administration and maintenance of the scheme.
What are the benefits of living in a sectional title scheme?
Living in a sectional title scheme has many benefits, such as:
Security: You can enjoy a greater sense of security, as there are more people around, security facilities at the entrance, and high walls around the complex. You also have the support of your fellow owners and the body corporate in case of any emergency or problem.
Cost-effectiveness: You share the major costs involved with the upkeep of the property and the municipal services. You pay a monthly levy that covers the insurance premiums, maintenance of the common property, wages and salaries of the staff, and any water and electricity required for the common property. You only need to pay for your own rates and taxes, insurance for the contents of your unit, your own private garden, and your monthly electricity and water consumption.
Amenities: You get access to amenities that you might not be able to afford if you bought a freehold property, such as a clubhouse. You can also enjoy the open field and the gardens, which add to the aesthetic appeal and value of the property.
Management: You do not have to worry about the management and maintenance of the communal areas, as the managing agent takes care of these things for you. The managing agent also ensures that the rules of the scheme are enforced and that the financial affairs of the body corporate are in order.
How can we create a harmonious and respectful community?
Living in a sectional title scheme also comes with some responsibilities and challenges. We need to respect the rights and interests of other owners and occupants, and abide by the rules of the scheme. The rules are designed to promote a peaceful and orderly environment, and to protect the value and appearance of the property.
Some of the rules that we need to follow are:
Noise: We need to be mindful of the noise that we make, especially during the night or early morning. We should not play loud music, use noisy appliances, or have parties that disturb our neighbours. We should also supervise our children when they play on the open field, and ensure that they do not make excessive noise or damage the property.
Pets: We need to obtain the written consent of the trustees before we keep any pets in our units. We should also ensure that our pets do not cause any nuisance, annoyance, or damage to other owners or occupants, or to the common property. We should keep our pets on a leash when we take them outside, and clean up after them.
Parking: We need to park our vehicles only in the designated parking areas, and not on the common property or on the lawn. We should also not park more vehicles than we are entitled to, or obstruct the access or exit of other vehicles.
Refuse: We need to dispose of our refuse in a hygienic and proper manner, and use the bins or containers provided by the body corporate. We should not litter or dump any rubbish on the common property or the open field.
These are just some of the rules that we need to follow. You can find the full list of the management and conduct rules in the Annexures to these regulations. If you have any questions or suggestions about the rules, you can contact the trustees or the managing agent.
Conclusion
Living in a sectional title scheme is a great choice for many reasons. You can enjoy the security, cost-effectiveness, amenities, and management that come with it. You can also be part of a harmonious and respectful community, where you can interact with your neighbours and share the common property. We hope that you are happy and satisfied with your investment, and that you will continue to support the body corporate and the scheme. Thank you for being a valued owner of our scheme.
