Sectional Title Finance Partner
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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.
Marsh Rose Body Corporate case law – an analysis of the Court decision
Recent body corporate case law has the effect of watering down the security offered to bodies corporate to withhold the levy clearance certificate for a unit that has outstanding monies owing
Protection of the bodies corporate security for arrear levies
A recent court case has the effect of watering down the effect the security offered to bodies corporate to withhold the levy clearance certificate for a unit that has outstanding monies owing.
Stratafin News
Stratafin News
Marsh Rose Body Corporate case law – an analysis of the Court decision
Recent body corporate case law has the effect of watering down the security offered to bodies corporate to withhold the levy clearance certificate for a unit that has outstanding monies owing
Protection of the bodies corporate security for arrear levies
A recent court case has the effect of watering down the effect the security offered to bodies corporate to withhold the levy clearance certificate for a unit that has outstanding monies owing.
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