Stonewood property management Archives

02 Oct Why maintenance planning is important for sectional title schemes

Posted at 17:15h in Property

For trustees and owners in sectional title schemes, effective maintenance planning is essential to ensure the long-term value of the property and prevent costly repairs. Maintenance isn't just a responsibility – it’s a legal obligation under the Sectional Titles Schemes Management Act, which requires the establishment of a 10-year maintenance, repair, and replacement plan. Why is maintenance planning important? It preserves...

17 Jul What is the right way to resolve internal disputes in your scheme?

Posted at 15:56h in Property

Disputes often happen in sectional title schemes because people share spaces, costs, and infrastructure. These disagreements can involve various individuals such as tenants, property owners, trustees, and managing agents. The main two types of disputes are: Financial and Administrative Issues: These can include problems with bookkeeping, audits, taxes, and legal matters. Physical Issues: These involve maintenance, improvements, alterations, and extensions....

22 Nov How to manage the body corporate’s funds effectively

Posted at 09:19h in Property

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...

24 May What are the rights and responsibilities of exclusive use right holders?

Posted at 15:51h in Uncategorized

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...

05 Apr The most common sectional title queries (+ responses)

Posted at 16:52h in Uncategorized

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...