Stratafin

Sectional Title Budgeting for the non-financially minded Trustee

Budgeting can be daunting in the best of circumstances.    For the South African homeowner and Trustee in a Sectional Title Scheme, there may be some doubt regarding how monthly levies are determined, how to go about budgeting for Scheme expenses, and how to manage reserve funds to ensure they are available when required.   In this …

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Non-payment of levies in a Community Scheme and how it affects the owners

The non-payment of levies by owners within a Sectional Title Scheme creates a burden on the Body Corporate or Homeowners Association’s paying members to maintain the common property. This non-payment results in amenities and municipal accounts remaining unpaid. Homeowners are often left with no choice but to enter payment arrangements with the council and other …

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How Stratafin gives trustees peace of mind

Stratafin offers clients, such as trustees and directors, real cash flow solutions to restore their financial balance and, ultimately, their peace of mind. Stratafin’s innovative business model for Trustee peace of mind Stratafin purchases historical arrear levies (or debt) at an agreed rate from the trustees of Bodies Corporate or Home Owners Associations. Stratafin takes …

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Frequently asked questions pertaining to arrears levy debt purchases

While many Managing Agents, Bodies Corporate, and Homeowner’s Associations will try and initially deal with debts owed by trying to collect arrear levies themselves, not all cases can be handled without legal help or assistance from a partner that specialises in dealing with these challenges. At Stratafin we specialise in offering our clients real cash …

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