Good financial management and a balanced cash flow are the keys to running a successful community scheme. Community schemes rely on property owners to pay their levies so that they can keep the cash flow balance. However, the reality is that property owners can...
Community housing schemes include Sectional Title schemes, share-blocks, retirement developments and Home Owners’ Associations (HOAs). Successful community house schemes all share one thing in common, good financial management. As such, good cash flow management and...
The key to running a successful body corporate or homeowner association lies in good financials and cash flow management. While this may be simple enough to say, the reality is that situations sometimes arise where a community scheme finds itself without enough funds....
One of the most common headaches in Sectional Title Schemes comes in the form of water leaks. These can be anything from leaky pipes inside buildings, to showers or washing machines leaking water into other units. The damage caused by water leaks can be major and...
A body corporate has the important role of managing and administering the land and buildings in a sectional title scheme. They enforce the legislation and rules in the Sectional Titles Schemes Management Act 8 of 2011 (the Act), the Management Rules and the Conduct...
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