Sectional Title Finance Partner
Your Community Scheme funding partner
Stratafin is your first choice in community scheme financial solutions
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
Fixed Term Loans
Hybrid Solution
Consulting Services
Why use us?
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.
Why use us?
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.

Do sectional title levy debts prescribe?
Discuss the various laws and how they apply to the various parts of living in Sectional Title and the levies to determine whether Sectional Title levies prescribe.

The duty to account to members of the body corporate with annual financial statements
Body corporates and trustees need to follow guidelines and rules when handling the finances of the scheme to ensure the money is not mismanaged and all members of the body corporate are satisfied with the funds.
Stratafin News
Stratafin News

Do sectional title levy debts prescribe?
Discuss the various laws and how they apply to the various parts of living in Sectional Title and the levies to determine whether Sectional Title levies prescribe.

The duty to account to members of the body corporate with annual financial statements
Body corporates and trustees need to follow guidelines and rules when handling the finances of the scheme to ensure the money is not mismanaged and all members of the body corporate are satisfied with the funds.