AGM Archives - Stonewood Properties

22 Apr AGM checklist: The essential documents every sectional title owner needs

Posted at 12:21h in Property

Attending an Annual General Meeting (AGM) is an important responsibility for owners in a sectional title scheme. Certain documents must be provided before the meeting to ensure that everyone is well-prepared. These documents help owners make informed decisions and participate effectively. Essential documents for owners to review before the AGM, as prescribed by the Act: Annual financial statements Owners must receive the...

27 Jun Q&A about appointing trustees, sinking foundations, selling your parking bay, and more

Posted at 12:48h in Uncategorized

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...

11 Mar How do you know if your scheme is compliant with the STSM Act?

Posted at 11:27h in Property

The Sectional Title Schemes Management Act (STSMA) brought many new compliance requirements for sectional title schemes. Although some of these are from the old legislation prior to 2016, most are new and require more frequent assessment. Community Schemes Ombud Service (CSOS) All sectional title schemes are obliged to be registered with CSOS and each owner in a scheme must contribute a monthly...

27 Oct Why you should volunteer to be a trustee

Posted at 14:13h in Property

The role of a trustee can be quite challenging. Dealing with financial issues, maintenance issues, conflict between owners, tenants or trustees may put owners off from being trustees. Add to that the fact that trustees typically do not get paid for the time they invest in the scheme and you understand why some schemes struggle to find owners to volunteer as...

28 Feb How to ensure that your AGM complies with legislation

Posted at 04:30h in Property

For many owners in a sectional title scheme, attending the annual general meeting (AGM) is the only opportunity to participate in discussions and decisions concerning the complex. The trustees are responsible for arranging and running the AGM with the help of their managing agent. The changes made to the Sectional Title Act along with the establishment of the Sectional Title Schemes...