Financial

The difference between the managing agent and executive managing agent

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 “STSM Act”); the rules applicable to the scheme; and any direction given or restriction imposed by the body corporate.

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Why Your Scheme Needs an Executive Management Agency (EMA)?

Administration, Executive Managing Agents, Executive Managing Agents / Lauren Henderson

by Confiance Administrative Solutions Managing a Sectional Title property scheme in South Africa isn’t just about keeping the lights on and the gardens tidy. It’s about ensuring financial health, legal compliance, and sustainable planning — all while dealing with owners, arrears, and rising operational costs. For many schemes, the weight on trustees’ shoulders is simply

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Hosting Festive Gatherings in Sectional Title Schemes

behaviour, body corporate, festive, Financial / Lauren Henderson

RULES, ETIQUETTE, AND COMMUNITY SPIRIT The festive season is a time for celebrations, family gatherings, and friendly get-togethers. For residents in sectional title complexes, hosting holiday events can be a joyous experience, but it also comes with certain responsibilities. To ensure that everyone can enjoy the season without causing disruptions, it’s essential to follow a

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What are the elements of a healthy scheme when under Administration?

Administration, Financial, Financial / Lauren Henderson

The appointment of an administrator may become necessary in situations where schemes are experiencing managerial deadlock, serious mal-administration or are in a serious negative financial position.

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How long should a scheme be under administration?

Financial, Financial, Legal / Lauren Henderson

Introduction The appointment of an administrator may become necessary in situations where schemes are experiencing managerial deadlock, serious mal-administration or are in a serious negative financial position. The administrator takes over the executive function of the trustees, and can take any or all decisions necessary to restore the scheme to a healthy position from and

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The difference between the managing agent and executive managing agent

Why Your Scheme Needs an Executive Management Agency (EMA)?

Hosting Festive Gatherings in Sectional Title Schemes

What are the elements of a healthy scheme when under Administration?

How long should a scheme be under administration?

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