Wording of Section 15B (3) Certificates
Presently uncertainty prevails as to the exact wording of certificates afforded by the Conveyancer in terms of Section 15B (3) of the Sectional Titles Act 95 of 1986.
With effect from 7 October 2016 Bodies Corporate are established in terms of section 2 of the Sectional Title Scheme Management Act 8 of 2011. However, in terms of Pretoria Registrars Circular 2 of 2017 no reference to the Act whereby the Body Corporate was established must be referred to in the said certificate
In instance where a real right of extension was reserved but lapsed, but not cancelled, the conveyancer must disclose that there is a real right of extension, however, same has lapsed either by effluxion of time or by reason of the fact that it has exhausted itself