HOW TO PREPARE FOR THE NEW YEAR As the year draws to a close, sectional titles, including Body Corporates and Homeowners Associations (HOAs), need to focus on effective financial planning to ensure a smooth start to the new year. Year-end financial planning helps these organizations to forecast holiday expenses, anticipate maintenance needs, and set achievable […]
Financial Planning for the New Year Read More »
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.
What are the elements of a healthy scheme when under Administration? Read More »
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
How long should a scheme be under administration? Read More »
INTRODUCTION Recently I did a deep dive into all the tasks that trustees need to undertake in order to manage all the legislative and logistical responsibilities of running a successful sectional title scheme. There are a multitude of financial, legal, administrative and physical tasks that need to be planned out and executed by the trustees
Financial Compliance: How compliant is your scheme? Read More »
Introduction Recently I did a deep dive into all the tasks that trustees need to undertake in order to manage all the legislative and logistical responsibilities of running a successful sectional title scheme. There are a multitude of financial, legal, administrative and physical tasks that need to be planned out and executed by the trustees
Insurance Compliance: How compliant is your scheme? Read More »
Legal Compliance INTRODUCTION Recently I did a deep dive into all the tasks that trustees need to undertake in order to manage all the legislative and logistical responsibilities of running a successful sectional title scheme. There are a multitude of financial, legal, administrative and physical tasks that need to be planned out and executed by
Legal Compliance: How compliant is your scheme? Read More »
Introduction: The concept of sectional title ownership has gained significant popularity in the real estate market. With the rise of residential complexes and apartment buildings, the need for effective management and administration of these properties has become vital. This is where a sectional title administrator plays a crucial role. In this article, we will delve
Understanding the Role of a Sectional Title Administrator Read More »
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
The role of the executive managing agent Read More »
