Does your home owners association meet regularly?

Written by  Smith Tabata Buchanan Boyes
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Where a property is subject to a condition which stipulates that it may not be sold, alienated or transferred without the consent of the Home Owners Association of which the owner of the property is a member, the Deeds Office will not register the transfer without the said consent being lodged. Some Home Owners Associations are not active and do not hold meetings.

In order to obtain the required consent it will then entail approaching every registered owner who is a member of the association to sign the required consent. If you are a member of such a non-active association you are advised to take the necessary steps to ensure that it becomes operational and starts to meet in order to prevent the onerous requirement of having to approach every owner to consent in the event of the sale of your property.

Smith Tabata Buchanan Boyes

Smith Tabata Buchanan Boyes

Smith Tabata Buchanan Boyes

Website: www.stbb.co.za/

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