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....
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...
Sectional title complexes and gated estates have become the popular way to live in South Africa. There are a few obligations that come with living in a sectional title scheme for homeowners, and one of these is the payment of levies. The body corporate relies on these...
Sectional title properties have become a popular way of living for many South Africans, and along with this type of living comes a body corporate and trustee setup. When you buy a sectional title property, you automatically become a part of the body corporate which is...
Good financial and cash flow management is crucial for well-run and efficiently operated community housing schemes, including Sectional Title Schemes and Home Owners’ Associations (HOAs). However, there will always be scenarios where community housing schemes would...
Homeowners’ Associations (HOA) and Sectional Title schemes regularly face the situation where people default on their levies or are late in paying every month. This causes a financial burden on the community scheme, and they’re then unable to pay bills and...
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