Introduction The body corporate is the governing body of sectional title schemes. The body corporate then elects a group of trustees to act as their executive body at every annual general meeting of the members. The trustees’ powers and functions are subject to the provisions of the Sectional Titles Schemes Management Act 8 of 2011 […]
The appointment of a managing agent Read More »
Introduction For the last few years load shedding has become an unfortunate reality in South Africa. In recent times South Africans have had to endure two to four sessions of two and a half hour power cuts a day. To complicate matters further, since the pandemic, many people have been forced to work from home.
The installation of generators in sectional titles schemes Read More »
Introduction In my last article I addressed the appointment of the executive managing agent in light of a recent webinar hosted by Fitzanne Estates on the Community Schemes Ombud Service (“CSOS”) executive managing agent panel. In this article I will address the role of the executive managing agent, and the qualifications, skills and experience required
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Introduction Recently I listened to a very interesting webinar hosted by Fitzanne Estates on the Community Schemes Ombd Service executive managing agent panel. The description of the podcast on Fitzanne Properties (https://www.youtube.com/watch?v=os58WvSSs34) was as follows: “The CSOS recently placed an advert for a Panel of Executive Managing Agents and subsequently formulated a Panel of Executive
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Introduction PMR 26(5) deals with the audit of the body corporate’s annual financial statements. Thelegislation requires that schemes must have their annual financial statements auditedand presented to the members of the body corporate for their consideration at the AGM.It is an important function of the body corporate to ensure that its annual financialstatements are audited.
