Legal

How long should a scheme be under administration?

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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Are you compliant?

Legal Compliance: How compliant is your scheme?

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

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