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New law refines apartment ownership

Apartment building. [Courtesy]

The Sectional Properties Act, 2020, came to effect on 28 December 2020, repealing and replacing the Sectional Properties Act of 1987.

The Sectional Properties Act, 2020, is an Act of Parliament that provides for the division of high-rise buildings into units to be owned by individual proprietors and common property to be owned by proprietors of the units as tenants in common.

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