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...
As a body corporate cannot function without funds, managing the scheme’s funds is one of the most important responsibilities the trustees have. While the trustees make decisions on how and when the funds must be allocated, they do not actually manage the funds themselves - this function falls on the managing agent. This is where problems sometimes arise and it is...
Renovating your home is a very exciting venture but it can also be quite stressful. In a sectional title complex, it is important to remember that there are rules - and neighbours - to be considered in the process of renovating your unit. The body corporate Firstly, the body corporate trustees have to be notified of your intention to renovate your unit...