This is a question as old as the profession of property management itself. Some bodies corporate believe that by appointing a managing agent, they are handing over the management of their scheme, pretty much in its entirety, to the managing agent. Managing agents should also be precise about the responsibilities they are taking on as well as those they are not...
Buying property in a community scheme remains a popular choice for many buyers whether they are first-time buyers or established buyers. Community schemes come in various shapes and sizes, and includes security estates, sectional title complexes, retirement developments and housing estates. Why are certain developments more suited to security estates or sectional title schemes? A developer may be motivated to develop a...
While most bodies corporate rely solely on levy income, some try to find additional ways to bolster their income. One additional source is to rent common property to members of the scheme or to third parties. Who decides if common property can be rented? Trustees are responsible to manage, administer and maintain common property which collectively belongs to all scheme members in...