In Sectional Title Schemes, levies are part of the essential framework that ensures the scheme runs smoothly. Levies are mandated by the Sectional Titles Schemes Management Act (STSMA) for the purpose of paying for all common expenses of the scheme, and the operating...
The Property Practitioners Act, No. 22 of 2019 (“PPA”) has far-reaching implications for managing agents of sectional title schemes and Homeowners’ Associations. The PPA became operational on the 1st of February 2022. Whilst some people may have thought...
The rise in residential estates and other forms of communal living across South Africa has resulted in an increased need for dispute resolution. Disputes among community schemes (like bodies corporate or home owners’ associations) or trustees and homeowners, or...
One of the most important decisions that bodies corporate must make every year is to appoint trustees. Trustees form a vital component of a sectional title scheme, and they are relied upon to do their duties with the scheme’s interest as their priority. However,...
Levies are the bread and butter of a sectional title scheme. Levies cover necessary bills that need to be paid for the upkeep and maintenance of the property, rates, utilities and so on. As with most businesses, cash flow is the lifeblood of the sectional title...
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...
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