New Owners Purchase Into Both the Assets and Liabilities of a Scheme

When purchasing in a Sectional Title Scheme, buyers take on more than just a home – they also become financially responsible for the shared obligations of the Scheme.

Here’s what every buyer should know:

• Shared Responsibility – New owners take on a portion of the Scheme’s assets and liabilities, including arrears and planned maintenance.
• Due Diligence Matters – Reviewing the Scheme’s financial reports before buying helps avoid future surprises.
• Long-Term Impact – Unmanaged debt or poor governance can lead to reduced property values and unexpected levies.
• Professional Management Helps – Transparent, well-managed Schemes protect the interests of both current and future owners.

Buying or selling? ANGOR supports transparency and stability in Scheme finances.

Debtors – The Biggest Threat To Communal Living

Exclusive Use Areas — A Closer Look at the Rules and Regulations