Owners in sectional title schemes often think that the body corporate is automatically responsible to repair damage to their section if the damage is the result of some failure of the common property.
When doing renovations to your section (generally the interior of your living area) in a sectional title scheme, it is often difficult to know which works you need to get approval for.
We are often asked by Sellers if they have to continue servicing their bond once they have signed a Sale Agreement to sell their property over which the bank has a bond registered.
If you purchased a property and you obtained bond finance from a Bank, in order to pay for some or all of the property, the Title Deed would have been retained by the Bank for safe keeping, as security against the loan.
The latest results show Hong Kong holds the top spot once more, Europe’s rally continues and globally, the outliers are diminishing as property price performance converges.
© 2005 - 2018 | Portfolio Property Investments | Powered by the PPI Business Platform