What are the purposes of these Acts? It’s the conferring and registration of rights in, and the disposal of, common property, the establishment of Bodies Corporate to control common property and for that purpose to apply rules.
– The purpose of this Act is:
– To provide for the division of buildings into sections and common property and for the acquisition of separate ownership in sections coupled with joint ownership in common property;
– The control of certain incidents attaching to separate ownership in sections and joint ownership in common property;
– The transfer of ownership of sections and the registration of sectional mortgage bonds over, and real rights in, sections;
– The conferring and registration of rights in, and the disposal of, common property;
– The establishment of bodies corporate to control common property and for that purpose to apply rules; and
– The establishment of a sectional title’s regulation board; and
– To provide for incidental matters.