Sectionalisation of a resort?

[Tomg]

For several years I have owned a fixed week at Sanbonani, a Gold Crown resort near Krueger National Park. I just received a notice the resort is being "Sectionalised". This will convert the resort from a"Share Block Scheme" to a "Sectional Title Scheme".

I'm not familar with the South African Legal terms. Does anyone know what this change means?

Tomg

 

[michelle]

I did a google.co.za (i.e. only SA pages) on sectional title and got this:

http://www.huis-huis.co.za/sectional-title.htm

http://www.persfin.co.za/index.php?fSectionId=709&fArticleId=2861892

http://www.compeg.com/sectguide.html


Hope it helps, if not, try some more searches on www.google.co.za (and make sure the 'South African pages only' button is checked)

 

[Tomg]

Thanks Michelle

Thanks Michelle, took me a few days to wade through the legalize, but think I understand it now.
Tomg