Sectional Title Finance for Body Corporates

Sectional Title Finance Partner

Are you an owner in a sectional title or community scheme with growing debt due to non-paying owners? Or, are you a property managing agent wanting to add value to the bodies corporate you work with – in a way that makes your job easier to do? We are your community scheme funding partner.

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(011) 051 8555 / (011) 051 8556

Your Community Scheme funding partner

Stratafin is your first choice in community scheme financial solutions

We’ll help your body corporate or Homeowner association consolidate and collect overdue levies from non-paying owners, allowing your scheme to flourish and grow in value. We take the risk and hassle of recovering levy debt off your hands by giving you an upfront settlement amount for your debtor’s book. Want to improve the financial situation of your community scheme while saving time, money, and hassle?

Our services

Competitive, personalised financial solutions to help keep your community scheme on track

If your community scheme is in debt due to non-paying owners, the traditional solution is to take out a loan linked to your debtor’s book. The problem with this is that you’ll then have to pay it back at a high-interest rate until those debtors are recovered, which could take an unlimited time. You could try to recover the debt via the legal system, but this is costly, time-consuming and places a further burden on the paying owners.

At Stratafin, we offer a bouquet of tried and tested financial solutions that allow your community scheme to recover financially, without getting you into a debt trap.. Take a look at a few of our solutions below.

Debt Purchase Solutions

We buy your debt upfront, offering your scheme a settlement price to acquire your historic levy debt, as well as your legally raised charges and utilities.

Fixed Term Loans

If your community scheme needs funding for maintenance or projects, we offer project-based loans that follow a strict vetting process to avoid reckless lending. Because we don’t link the loan to your debtors, you avoid getting into a debt trap.

Hybrid Solution

Through a combination of debt purchase and fixed-term loan, you get access to upfront funding to settle your bad debt, as well as to conduct much-needed maintenance on your scheme.

Consulting Services

Need help with municipal services, deceased estates, scheme compliance, rule changes, or more? Our team is experienced in law, financial services, governance, and sectional title management, so we’ll help you navigate the complex nuances of property management.

THE BENEFITS

Why use us?

Whether you’re an owner in a housing scheme or a managing agent, here’s why you should use us:

Save money

Save time & effort

Get a fair price

Transfer the risk to us

Property value increases

Save money

Save time & effort

Get a fair price

Transfer the risk to us

Property value increases

THE BENEFITS

Why use us?

Whether you’re an owner in a housing scheme or a managing agent, here’s why you should use us:

Save money

Going through the legal process to recover debt for a community scheme is an expensive and complex process. Attorney costs alone can be anything from R60k to R120k to collect the money on a single housing unit. Because we have economies of scale from working with hundreds of legal matters at any one time, you get the benefit of a higher payment for your overdue levies due to our reduced legal fees. Added to this is the fact that you can’t charge all the legal fees to that non-paying owner, which means that the Scheme is liable for the balance of the legal fees. By us buying your debt from you, you avoid paying these legal fees altogether.

Save time & effort

Going the legal route involving the court system takes time and effort, especially if you’re not familiar with the legal procedures involved. Save yourself the hassle by letting us purchase your debt, for which we’ll pay you a competitive price.

Get a fair price

Because of our extensive knowledge and experience, we’re able to recover the debt we buy from you, this time saving allows us to offer you a competitive price for your debt, with no effort or added costs from your side.

Transfer the risk to us

If you’re trying to recover overdue levies from an owner in your community scheme, you’re taking the risk that you won’t be successfully able to prove the raising and charging of levies in court. With Stratafin buying your debtor’s book, we take on this risk, meaning if we don’t collect the debt, that’s our loss – not yours.

Property value increases

Because we help you remove your non-paying owners and increase your paying owners, your community scheme functions better, and the value of your property increases. Why? Because when a body corporate doesn’t function correctly, there are less funds for building maintenance and services – from gardens to security to painting – which ultimately leads to your property value decreasing.

AGM/SGM

Taking ordinary resolutions at a Sectional Title meeting

Ordinary resolutions in Sectional Title are required for the majority of body corporate decisions. Read on to find out what decisions can be made with an ordinary resolution.

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December 6, 2021

Legal

Pets in Sectional Title Complexes – The decision that changed it all

The topic of pets in sectional title complexes has always caused much debate within the industry. How valid or lawful is this rule? Read on to find out.

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November 23, 2021

Stratafin News

We know sectional title like the back of our hand, and we want to share what we know with you.

Stratafin News

We know sectional title like the back of our hand, and we want to share what we know with you.

AGM/SGM

Taking ordinary resolutions at a Sectional Title meeting

Ordinary resolutions in Sectional Title are required for the majority of body corporate decisions. Read on to find out what decisions can be made with an ordinary resolution.

Full story

December 6, 2021

Legal

Pets in Sectional Title Complexes – The decision that changed it all

The topic of pets in sectional title complexes has always caused much debate within the industry. How valid or lawful is this rule? Read on to find out.

Full story

November 23, 2021