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Embargo on transfer created by Section 15B(3) of the Sectional Titles Act, 1986

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By Marlene Heppes on November 10, 2023

The Supreme Court of Appeal handed down a Judgment on 2 November 2023 confirming the embargo on transfers created by Section 15B(3) of the Sectional Titles Act, 1986 (the Act).

This embargo provision offers security to bodies corporate in that a sectional title unit may not be transferred unless the body corporate has issued a…

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Norton Rose Fulbright’s financial institutions team provides straightforward legal updates. Our lawyers offer local insights with an international perspective recognised worldwide. This blog focuses on the South African market and is about sharing knowledge with you. Blog posts are not legal advice.

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