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With so many different types of secure developments now all falling under the Community Housing Schemes Ombud Service Act, it’s important for homebuyers – and especially those buying for the first time – to be aware of the differences between Sectional Title and freehold properties in these schemes, and how these differences are likely to affect them in future.
'This common property includes the land on which the whole scheme is built, as well as gardens, parking, any other shared amenities and security equipment such as electric gates and fencing, CCTV and biometric scanners. And you will be liable to pay a monthly levy to cover the maintenance and repair of this common property, as well as certain other items.”
'Meanwhile, when it comes to home maintenance, owners in Sectional Title schemes are only responsible for any maintenance or repair needed inside their own unit and do not need to pay for HoC, only for insurance on the contents of their units. Exteriors and the common property are the responsibility of the body corporate, which must also ensure that the whole complex is adequately insured and pay the local authority for any services provided to the common property.
He notes that a third important distinction between Sectional Title and freehold properties is price. Sectional Title properties are often more affordable and thus accessible, especially for first-time buyers - although this is not always the case.
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