SUBDIVISION VS SECTIONAL TITLE
Most Cape Town property owners will be aware of the fact that an amendment to the Municipal Planning By-Law (MPBL) in 2020 now allows for the construction of a third dwelling on properties zoned Single Residential.
In light of the new opportunities that this amendment has created, many of our clients have been asking how best to take advantage; should they subdivide their property, or rather establish a sectional title scheme to allow for separate registration of an additional dwelling or portion. So here is a quick guide setting out the fundamental differences, and pros and cons of each put together by Property Law & Conveyancing specialist, Frank Holland.
Best to all,
Margie, Clare, Fiona, Arlene, Terry, Alison & Jane