Home security has become an all-important factor for South Africans to consider in their daily lives. The growing need for both domestic and commercial security created a massive industry that offers an ever-increasing range of security measures. No obligation to secure When reviewing the Act, it is evident that there is no obligation on trustees or owners to secure the scheme or...

Making provision for reserve funds in the annual budget of a body corporate has always been a bit of a guessing game for trustees. Some trustees preferred to keep the levies as low as possible and to rather raise a special levy when the need arises as opposed to maintaining higher levies that secured a sufficient reserve fund over time...

The sectional title industry has changed dramatically since 6 October 2016 – the day the new Sectional Titles Schemes Management Act took effect. The responsibilities placed on trustees and specifically on managing agents have increased overnight. Managing agents aiming to stay relevant in the sectional title industry had to quickly familiarise themselves with new legislation and operational procedures. A recent seminar presented...

When a body corporate is established, the first point of business is to have an inaugural meeting where certain relevant issues are tabled and agreed on by the developer and the members of the scheme. This meeting must take place within 60 days of the registered establishment date of the scheme. At the inaugural meeting, the financial year end of the...

Occasionally, a body corporate need to consider and evaluate complicated requests from owners based on sectional title rules. A fairly complex case was recently presented to us by an owner for our comment and advice. It involved the following: A parking deck with a number of parking bays registered as sections; which is located on the top deck of a...