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 »
