Sectional title describes separate ownership of units or sections within a complex or development.
When you purchase into a sectional title development, you purchase a section or sections, as well as an undivided share of the common property.
Every section is allocated a “participation quota” that determines the size of the share on the complex that is co-owned by all the owners.
The owner of the unit automatically becomes a member of the body corporate, which is the legal entity that exists to control, manage, and maintain all the common property.
Sectional title developments can be residential, commercial, retail, mixed use, service apartments, resorts & retirement villages.