Legal action for company title problems
Buying a company title home unit means buying a share in the company and that the piece of land that the structure stands on belongs to the company and company alone. Shares you own entitle you to occupy a home unit and reside therein. The home unit owner can have a say in the administrative affairs of the building. company title problems that arise for any reason may be resolved at the meetings conducted by the board or a residents meeting or by the company secretary. Some likely areas where major company title problems can arise are when structural changes need to be incorporated into a home unit, dispute with the board members and in matters of tenancy and selling the home unit. Where major issues remain unsolved, legal action is the only recourse.
