Many people believe that sectional title and homeowners’ associations are virtually the same concept – but they are completely different: the Sectional Title Act is quite rigid and exact and specific and provide protection for owners in ST.
The problem in HOA NPC is that owners are left at the mercy of the directors who themselves set up the Memorandum of Incorporation.
It would be a worthy exercise to point out the pitfalls in buying in a HOA NPC, as we do not want to make the same mistake as others have done.
Please provide an overview.
Read what the experts have to say.