At the end of last month, Parliament passed the Sectional Titles Amendment Bill and it is now with President Ramaphosa for assent.
The most important changes relate to subdivisions, consolidations and extensions of the scheme by developers in the period before the body corporate comes into existence, in other words before registration of transfer of units in the new scheme has commenced.
In addition, there are provisions dealing with the rights of tenants in residential buildings that are to be sectionalised. Specifically, at the prescribed information meeting between the developer and the tenants, the tenants may appoint representatives to attend at the meeting in their stead.
If you want to read more, you can view the Bill here (16 pages).
Once the Bill is passed and comes into operation, STBB will host a webinar to update the industry on the specific implications of the changes.