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Do sectional title levies expire or 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 on the body corporate 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.
Levy statements in sectional title schemes – Why it’s so important
Learn about the various rules and needs for trustees to send levy statements to owners as well as the process behind raising the levies and how to be compliant with what the law says
6 Ways To Increase Your Body Corporate Cash Flow
Discover the various options that bodies corporate has to obtain extra funding and balance out the books.
5 easy ways to increase cash flow for bodies corporate
An introduction to the various options bodies corporate have to aid their cash flow and help balance their finances as well as what the law says.
How bodies corporate should deal with unpaid or arrear levies
Body corporate’s responsibility to collect levies In terms of section 3(1) of the Sectional Titles Schemes Management Act 8 of 2011 (STSM Act”) the body corporate must establish and maintain
The effect of unpaid levies on the paying members
Learn the effect of unpaid levies of the body corporate as well as the consequences and strain it places on the paying members of the community scheme.
Virtual Trustees meetings for taking decisions
Hosting virtual trustees meetings to pass decisions and the options of adopting resolutions with no meeting.
Virtual AGM’s for taking body corporate decisions
What alternatives can a Body Corporate take for passing decisions and can the AGM be held virtually.
What are Sectional Title levies and what happens if owners don’t pay?
What are levies in Sectional title and why are they important to the upkeep and maintenance of the building. What are the consequences of outstanding levies.
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.
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.
Taking a Sectional Title unanimous resolution at a meeting
Unanimous resolutions in Sectional Title are required for very important body corporate decisions. This is why the correct procedures must be followed
Taking a Sectional Title Special Resolution at a meeting
Special resolutions are required for very important body corporate decisions. This is why the correct procedures must be followed for a successful outcome
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.
Body Corporate AGM notice periods
Members of body corporates must meet annually to deal with certain legislated agenda items and resolutions. Suitable notice periods for the AGM must be given to owners within a Body Corporate.
AGM Quorum – How to calculate it at a sectional title AGM
In order for sectional title schemes to run effectively, certain decisions need to be taken at legally compliant annual general meetings (“AGMs”) by the body corporate. For example, the trustees
How Stratafin can help your body corporate find financial balance
Finding financial stability in economic uncertainty In the accounting world everything works in balance, from income and expenses to debits and credits. And nowadays, bodies corporate are finding themselves under
The POPI Act is here… Ready or not
On 1 July 2021, the Protection of Personal Information (POPI) Act officially comes into effect.
Can bodies corporate disconnect the electricity of owners who are in arrears?
Introduction The question of whether bodies corporate can disconnect water and electricity of owners in arrears with their levies was very recently considered by Wilson, AJ of the Gauteng Local
Festive decorations in sectional title schemes
With the holidays looming, festive decorations are everywhere you look. Do you know what the laws require for Festive Decorations within Sectional Title
How To Effectively Manage A Community Scheme?
Effective Community Scheme Management through Organisation In situations where people must cohabit and utilise the same shared space, utilities, facilities or resources, proper management is necessary to ensure that such
Advancing Standards: The Quest For Professionalism in Community Schemes Management
ELEVATING COMMUNITY SCHEMES MANAGEMENT: A PATH TO PROFESSIONALISM
How to build and sustain a Compliance Champion program
Compliance can be a daunting topic, especially for Trustees and Managing Agents in the Community Schemes Industry. Compliance means in the literal sense to conform to a specification, standard, rule,
What is a Debt trap in a Community scheme and how to get out of it?
The term ‘Debt trap’ has a very negative connotation to it and rightly so – but not all is lost as Willie Roos from Stratafin discusses what getting into a
