Levies - or contributions, as they are referred to in the Sectional Titles Schemes Management Act No 8 of 2011 - are the lifeblood of a body corporate’s successful existence. Without contributions paid by all members, the body corporate is unable to pay for services provided. The direct result of this may include legal action against the body corporate for...
Being a trustee in a sectional title scheme is by all accounts a thankless job for which there is usually no payment offered. Why then, do people make themselves available to perform the duties of a trustee? Why be a trustee? Trustees are generally owners in a sectional title scheme who want to be involved in the day-to-day management of the complex....
One of the most common concerns for potential sectional title buyers include the purchase price of the unit paired with likely rental return on investment. As an owner-occupier, the focus is different as it is generally focused on the scheme’s performance and the people entrusted to run the affairs of the body corporate. Before you buy into a sectional title scheme,...
Sectional title is filled with procedural requirements that need to be followed by owners, trustees and the body corporate to achieve certain objectives. Extending a section or improving an exclusive use area (EUA) falls within specific requirements of the Act. It is important to note the difference between the two and what is required for each of them. Extending a section A section...
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...