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Managing a sectional title scheme is not an easy task; it requires time, knowledge and experience. For this reason, it is important for trustees to understand the legislative principles of sectional title living that governs it. Choose the right managing agent Unfortunately, trustees are not required to have a certain level of experience or knowledge and as a result of this, appointing...

While a body corporate is not deemed a business in the sense that its goal is to make money, it is important that a body corporate is run with sound business principles in mind. To achieve this the trustees must manage the scheme in a responsible manner to ensure it is financially independent and secure. There are five key principles of...

Trustees are appointed by the members of a scheme to manage the body corporate’s affairs. Trusteeship involves spending private time on dealing with issues and taking decisions that determines the wellbeing of the scheme. Sometimes trustees lose sight of their responsibilities and take decisions that are biased or not in line with sectional title legislation. Thinking about the issues trustees have...

As trustees serve and manage a body corporate’s affairs, their appointment is one of the most important decisions a body corporate makes every year but unfortunately, many elected trustees are unaware of the extend of their roles and responsibilities. Understanding the STSMA Trustees have many responsibilities which they must perform within the confines of the Sectional Titles Schemes Management Act (STSMA), the...

All the members in a sectional title development contribute to the scheme’s income which is used to pay its expenses. This may seem simple in theory but when a member starts falling behind in their levy payments, it can quickly escalate and put the scheme under financial strain. In this article, we take a look at how bodies corporate should deal...