29 Sep

Posted at 16:25h in Property

A body corporate is responsible for the maintenance of the common property of the scheme which includes planned and unforeseen maintenance. Maintenance to water damaged areas tends to raise the question: “Who is responsible for the repairs after a leak has been discovered?” To determine this one needs to establish where the leak originates and what caused the leak. Leaks originating from...

27 Sep

Posted at 11:09h in Property

One of the most important responsibilities trustees have is to ensure that their scheme is adequately insured against unforeseen events such as storm damage or destruction by fire. Sectional title legislation obligates bodies corporate to have independent property valuations performed for insurance replacement purposes every three years. The benefits of regular valuations Prior to the changes in legislation, bodies corporate rarely had independent...