Understanding Owner Liability for Geysers
Many owners often ask why they are responsible for certain
costs, such as excess payments on insurance claims related to geysers. The
Sectional Titles Schemes Management Act clarifies these responsibilities.
According to Regulation 23 (2) of the Act:
- Insurance Responsibility: Owners are responsible for any additional premium resulting from an increase in the replacement value of their unit.
- Excess
Liability: Owners must cover any excess amount for damage to parts of
the building that they are obligated to repair and maintain, as stipulated
by the Act or the community rules.
Owners are required to provide the body corporate with
written proof of payment for these amounts within seven days of receiving a
written request.
In essence, the liability for geyser-related damages falls
under the owner's responsibility, ensuring that proper maintenance and repairs
are upheld within the sectional title scheme. Understanding these regulations
can help clarify why certain costs arise and the importance of timely action
when it comes to repairs and insurance claims.
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