It is important to understand the extent of coverage of the body corporate’s sectional title insurance - and what your personal liability is - to avoid any oversights. This is especially true for new owners. In this article, we provide some information to clarity the matter: Sectional title insurance is a legal requirement, and the costs are calculated according to each section...
The Sectional Title Schemes Management Act (STSMA) provides clear instructions as to how improvements should be handled in sectional title schemes. In the blog post below, we detail below some guidelines on how to deal with improvements in your unit or exclusive use area, and improvements on common property and the requirements for making such improvements. Improvement of your unit Owners are...
The Community Schemes Ombud Service (CSOS) was established in terms of the Community Schemes Service Act 9 of 2011 to regulate the conduct of parties within community schemes and to ensure their good governance. When an owner or occupier has a dispute relating to the administration of that scheme, they are able to approach CSOS for assistance to resolve such dispute. Not...
We have heard it all! From a one-trustee AGM to no opportunity to vote for new trustees in four years and husband-and-wife trustees, and much more. We have received some interesting questions so far this year and, in this blog, post we would like to share some of these questions and answers with you in the hope that you will...
Estate living in South Africa has shown a steady increase over the past decade, highlighting its popularity as an asset class. There are some interesting reasons for this phenomenon; let’s review some of the reasons why estate living has become so popular and why there is an increase in the development of estates. Growth of estates in different geographical areas Although...