Mike Spencer

Can South Africa Become the Retirement Center of Europe?

South Africa is a wonderful place to live – if we can just get rid of poor governance and crime. Europe, on the other hand, is a wonderful place to live if only it had a better climate, better law enforcement, and was less crowded. No place is perfect. Europe also faces a serious

By |2024-01-23T14:34:10+02:00January 17th, 2024|SA Valuer Blog|0 Comments

The advantages & disadvantages of different roof types in Sectional Title Schemes

It is essential to understand that a developer constructs a new sectional title scheme to make as much profit as possible. Developments in low-income areas will inherently result in different materials compared to high-income areas to suit the different target markets. A buyer in the upmarket Sandton area will insist on a higher, more

By |2023-07-17T15:44:28+02:00July 12th, 2023|SA Valuer Blog, Sectional Title articles|1 Comment

The Early Days of Sectional Title

When Sectional Titles first came into being, the norm was to convert existing buildings from single ownership to sectional title ownership. This was done to give an opportunity to those who wanted to buy their own home but could not afford it or did not need a full title property. The concept was ground-breaking

By |2022-10-03T14:30:18+02:00June 17th, 2022|Sectional Title articles|0 Comments

The Sectional Titles Schemes Management Act is seriously flawed | Property Wheel

By Mike Spencer, MD, Platinum Global The Sectional Titles Schemes Management Act (STSMA) replaced the original Sectional Title Act some time ago. It essentially splits the registration of schemes from the management of Sectional Title schemes. In itself, this was not a bad idea, but the new Act is far from being practical. It

By |2022-10-03T14:32:26+02:00April 26th, 2022|SA Valuer Blog, Sectional Title articles|13 Comments

What is common property?

Common property is anything that is not a section. A section is what an owner takes transfer of when they buy a sectional title unit. It is shown on the sectional title plans. A unit is the section plus its portion of the common property (based on the participation quota (PQ). So, common property

By |2022-10-03T14:31:09+02:00October 4th, 2021|Sectional Title articles|2 Comments

What is an AGM and how does voting work at AGMs?

An AGM is an Annual General Meeting that is held once a year. It is a meeting to which all owners are invited and at which they need to make certain decisions.  A body corporate is run by all its owners, who then chose a number of people to represent them on a day-to-day

By |2022-10-03T14:31:24+02:00August 20th, 2021|Sectional Title articles|0 Comments
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