What owners often do not realise is that all structural additions and extensions have to be approved, first by the body corporate (STSM Reg 30), and then by the municipality. Following construction, the alteration must then be verified by a land surveyor and approved by the Surveyor-General to make the amendments to the sectional plan official.
According to the Sectional Title Schemes Management Act (STSMA), a 10-year maintenance, repair and replacement plan for major capital assets must be presented at the annual general meeting for approval by the members of the body corporate. What is the real benefit of planning maintenance so far in advance?
Along with buying any property comes the responsibility to maintain such property to protect and sustain your investment. The maintenance of sectional title schemes requires careful planning to ensure sufficient funds to undertake these costly maintenance projects.