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The body corporate is obligated to carry out the responsibilities assigned to it under the Sectional Titles Schemes Management Act (‘STSMA’) or in accordance with the rules, with the aim of establishing and sustaining an administrative fund that adequately covers the estimated annual operating costs for the repair, maintenance, management, and administration of the common property. Administrative budget The creation of a...

What does a sectional title owner actually own? A sectional title owns a unit in the sectional title scheme, which consists of a section (i.e., flat or townhouse) and an undivided share (or percentage) of the common property. Some parts of the common property can also be designated as exclusive use areas (i.e. parking bay or private garden) How does voting at an...

Owners can be left frustrated when they have planned an alteration or renovation and then realize that they require the trustees’ approval before any work can be carried out. This is why it is important that owners familiarize themselves with the rules of the body corporate so that planned alterations and renovation can proceed without any unnecessary delays. Below are some...

Sound financial management is absolutely critical for a body corporate to function optimally. To set a standard of good practice for the body corporate, good processes and procedures will structure the communication between the trustees and the managing agent, and will ensure that the body corporate’s funds are managed responsibly. Let`s have a look at what is expected of the trustees...