EUA SALES - the Legal side
Reference to the Body Corporate Rules:
1.1. The law states that only an owner of a Section/Unit may be the owner of an Exclusive
Use Area (EUA). A section is in Deed Registrar language an apartment. Therefore only an Owner of an
apartment within the Cape Sands community may own an EUA.
According to the Sectional Titles Act 1986, Exclusive Use Areas (EUAs) as listed below may only be sold to holders
(Owners) of Sectional Title within the Cape Sands Owner Community. Accordingly those EUAs that are on offer are
shown on a protected web page. (when active interest exists).
EUAs are Parking (garages and bays) and Store rooms. These are freely for sale within the Owner community and
for transfer purposes have an UNTIED condition. (refer. Section 11 (3)(b) Sectional Plan No. SS401/2006 Cape
Brokers or Real Estate agents are NOT encouraged for EUA sales as they falsely increase the market price for an
enclosed buying community with an overt owner list and are therefore deemed unnecessary. Refer to the Conduct
Rules on this subject.
That is precisely the reason why the Exchange Market part of the site exists.