12 Aug

Posted at 15:43h in Property

A sectional title scheme’s long-term success depends on more than just well-maintained buildings and happy residents; it requires a strong, stable financial foundation. Proactive property management plays a crucial role in ensuring that the scheme remains financially healthy, compliant, and resilient against unexpected challenges. Why financial health matters. The financial position of a sectional title scheme impacts every owner. A healthy balance...

20 Jun

Posted at 16:02h in Property

In a sectional title scheme, trustees are responsible for managing the day-to-day affairs of the body corporate. While most decisions are made in good faith and in the interests of the scheme, there may be times when owners disagree with how trustees have acted or failed to act. Disagreements are inevitable in shared living spaces, but how you raise concerns...

22 Apr

Posted at 12:21h in Property

Attending an Annual General Meeting (AGM) is an important responsibility for owners in a sectional title scheme. Certain documents must be provided before the meeting to ensure that everyone is well-prepared. These documents help owners make informed decisions and participate effectively. Essential documents for owners to review before the AGM, as prescribed by the Act: Annual financial statements Owners must receive the...

18 Mar

Posted at 13:38h in Property

Serving as a trustee in a sectional title scheme is a significant responsibility. Trustees are entrusted with managing the affairs of the body corporate, ensuring financial stability, and making decisions that affect all members. However, with this authority comes potential legal and financial liability. Understanding your duties and taking proactive steps can help mitigate risks and ensure you fulfil your...

07 Nov

Posted at 09:01h in Property

A recent ruling by the Johannesburg High Court has brought some clarity for sectional title schemes, especially on collecting overdue levies and recovering legal costs when members do not pay. The case, SS Glen High Body Corporate v. M. Kruger NO (2023/055133), addressed issues many schemes face: can they recover legal fees incurred when chasing unpaid levies? Why this matters for...