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The installation of generators in sectional titles schemes
Can you install a generator in your sectional title unit? How the body corporate can navigate the power cuts in South Africa to ensure the fair usage of generators and alternative energy sources.
Can a body corporate cut off my electricity?
I often get asked whether the trustees are entitled to disconnect an owner’s body corporate electricity in circumstances where their levies are in arrears.
Do sectional title levy debts prescribe or expire?
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.
The need for trustees to send levy statements in sectional title schemes
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
Options for cash flow for bodies corporate part 2
Discover the various options that bodies corporate has to obtain extra funding and balance out the books.
Options for cash flow for bodies corporate part 1
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
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 unanimous resolutions at a sectional title meeting
Unanimous resolutions in Sectional Title are required for very important body corporate decisions. This is why the correct procedures must be followed
Taking special resolutions in a Body Corporate
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.
Calculating the quorum 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
Sectional Title Debt Traps – what you need to know now
Let’s discuss what getting into a debt trap really means and more importantly, how to get out of it
Who runs Sectional Title Property? Girls!!
Because it’s women’s month, we will be focusing on our feminine colleagues here at Stratafin.
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
Levy Debt Collection – The Process Explained and the Time Periods Exposed
What is a levy? A levy is an amount determined by the Trustees of a Body Corporate payable by each owner/member of the scheme in
The POPI Act is here… Ready or not
On 1 July 2021, the Protection of Personal Information (POPI) Act officially comes into effect.
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
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
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
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
Take the stress out of sectional title levy arrears
At Stratafin, we take the stress out of sectional title levy arrears by offering our clients real levy debt management solutions to help restore Body
How to handle a non-paying owner in a Sectional Title Scheme?
Did your mother threaten you with her slipper or a wooden spoon?
Unfortunately neither of these work when it comes to non-payers.
The installation of generators in sectional titles schemes
Can you install a generator in your sectional title unit? How the body corporate can navigate the power cuts in South Africa to ensure the fair usage of generators and alternative energy sources.
Can a body corporate cut off my electricity?
I often get asked whether the trustees are entitled to disconnect an owner’s body corporate electricity in circumstances where their levies are in arrears.
Do sectional title levy debts prescribe or expire?
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.
The need for trustees to send levy statements in sectional title schemes
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
Options for cash flow for bodies corporate part 2
Discover the various options that bodies corporate has to obtain extra funding and balance out the books.
