Maintenance issues in Sectional Title Schemes can lead to heated debates with questions around who is ultimately responsible for repairs and costs being very common. The Sectional Titles Scheme Management Act 8 of 2011 (“The STSMA”) stipulates that the body corporate must maintain the common property while unit owners are responsible for maintaining own sections. Exclusive Use Areas are typically the...
Owners can be left frustrated when they have planned an alteration or renovation and then realize that they require the trustees’ approval before any work can be carried out. This is why it is important that owners familiarize themselves with the rules of the body corporate so that planned alterations and renovation can proceed without any unnecessary delays. Below are some...
We have heard it all! From a one-trustee AGM to no opportunity to vote for new trustees in four years and husband-and-wife trustees, and much more. We have received some interesting questions so far this year and, in this blog, post we would like to share some of these questions and answers with you in the hope that you will...
Sound financial management is absolutely critical for a body corporate to function optimally. To set a standard of good practice for the body corporate, good processes and procedures will structure the communication between the trustees and the managing agent, and will ensure that the body corporate’s funds are managed responsibly. Let`s have a look at what is expected of the trustees...
As a body corporate cannot function without funds, managing the scheme’s funds is one of the most important responsibilities the trustees have. While the trustees make decisions on how and when the funds must be allocated, they do not actually manage the funds themselves - this function falls on the managing agent. This is where problems sometimes arise and it is...