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Sectional title ownership is a property ownership model where a building is divided into separate sections, each owned individually. This system is commonly used in urban areas around the world, including Zimbabwe.
How Sectional Title Works in Zimbabwe
- Development: A developer purchases a piece of land and constructs a building with multiple units.
- Division: The building is divided into individual sections, each with its own defined boundaries and exclusive use rights.
- Body Corporate Formation: A body corporate is established to manage the common property and affairs of the sectional title scheme.
- Sale of Units: The individual sections are then sold to buyers.
Key Components of Sectional Title Ownership
- Section: Each individual unit within the sectional title scheme is a section. Owners have exclusive use rights to their section, including the interior and any designated private outdoor space.
- Common Property: The common property includes areas shared by all owners, such as hallways, lifts, gardens, and swimming pools. The body corporate is responsible for maintaining and managing the common property.
- Body Corporate: The body corporate is a legal entity that represents the interests of all owners in the sectional title scheme. It is responsible for making decisions about the management and maintenance of the common property, collecting levies, and enforcing rules and regulations.
- Levies: Owners are required to pay monthly levies to contribute to the costs of maintaining the common property, insurance, and other expenses.
Benefits of Sectional Title Ownership
- Affordability: Sectional title ownership can be more affordable than purchasing a freestanding house, especially in urban areas where land is limited.
- Maintenance: The body corporate is responsible for maintaining the common property, reducing the burden on individual owners.
- Security: Sectional title schemes often have security features, such as gated access and surveillance systems, to enhance the safety of residents.
- Amenities: Many sectional title schemes offer shared amenities, such as swimming pools, gyms, and clubhouses.
Considerations for Sectional Title Owners
- Levies: Levies can vary depending on the size of the section, the amenities offered, and the overall management costs of the scheme.
- Rules and Regulations: Owners must comply with the rules and regulations set by the body corporate.
- Special Levies: In some cases, special levies may be required to fund major repairs or improvements.
- Body Corporate Management: The effectiveness of the body corporate can significantly impact the living experience for residents.
Sectional title ownership offers a unique way to own property in Zimbabwe. By understanding the key components and benefits of this model, potential buyers can make informed decisions about whether sectional title is the right choice for their needs.
