Acts Online
GT Shield

Sectional Titles Schemes Management Act, 2011 (Act No. 8 of 2011)

4. Powers of bodies corporate

 

 

The body corporate may exercise the powers conferred upon it by or under this Act or the rules, and such powers include the power—

a) to appoint such agents and employees as the body corporate may consider fit;
b) when essential for the proper fulfilment of its duties and upon special resolution, to purchase or otherwise acquire, take transfer of, mortgage, sell, give transfer of or hire or let units;
c) to purchase, hire or otherwise acquire movable property for the use of owners for their enjoyment or protection or in connection with the enjoyment or protection of the common property;
d) where practicable, to establish and maintain on the common property suitable lawns, gardens and recreation facilities;
e) upon special resolution, to borrow moneys required by it in the performance of its functions or the exercise of its powers;
f) to secure the repayment of moneys borrowed by it and the payment of interest thereon, by notarial bond over unpaid contributions whether levied or not, or by mortgaging any property vested in it;
g) to invest any moneys of the fund referred to in section 3(1)(a);
h) to enter into an agreement with any owner or occupier of a section for the provision of amenities or services by the body corporate to such section or to the owner or occupier thereof, including, upon special resolution, the right to let a portion of the common property to any such owner or occupier by means of a lease other than a lease contemplated in section 5(1)(a);
i) to do all things reasonably necessary for the enforcement of the rules and for the management and administration of the common property.