One of the most important decisions that members of a sectional title scheme make every year is the appointment of trustees. If this decision is taken lightly, it can potentially have a number of negative effects, both in the short- and long-term. The appointment of trustees has a direct effect on who will be appointed as the chairman; this is why...
While installing pre-paid meters or sub-meters mostly sound like a good idea, the reality is that many bodies corporate opt not to implement meters. The most common reasons include timing issues, the costs associated with the installation and the inconvenience to owners during the installation period. Part 7 of the Sectional Titles Schemes Management Act Regulations deals with the physical management...
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...