Managing agent When a body corporate enlists the services of a managing agent, both parties should ensure that the management agreement between the managing agent and the body corporate complies with the requirements as set out in the STSMA Regulations, i.e., the agreement may not endure longer than three years. The managing agent can attend all meetings and provide advice but may...
A holder of an exclusive use area (EUA) has the exclusive right to the use and enjoyment of the EUA and can make minor improvements to the area. However, the holder must ensure that any improvements do not detract from the appearance of the section or the common property. The holder of the EUA will require written consent from the trustees...
Prescribed management rule (“PMR”) 7 requires owners who want to nominate trustees to do so in writing accompanied by written consent from the nominated person at least 48 hours before the annual general meeting (AGM). If the number of nominations received before the AGM equals the number of trustees decided upon at the AGM, there will be no need for...
It is important to understand the extent of coverage of the body corporate’s sectional title insurance - and what your personal liability is - to avoid any oversights. This is especially true for new owners. In this article, we provide some information to clarity the matter: Sectional title insurance is a legal requirement, and the costs are calculated according to each section...
The Community Schemes Ombud Service (CSOS) was established in terms of the Community Schemes Service Act 9 of 2011 to regulate the conduct of parties within community schemes and to ensure their good governance. When an owner or occupier has a dispute relating to the administration of that scheme, they are able to approach CSOS for assistance to resolve such dispute. Not...