Body Corporate News
Read views, and insights on all subjects relating to community housing schemes, body corporate news, and homeowner associations.
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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
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 about levies in arrears
While many Managing Agents, Bodies Corporate, and Homeowner’s Associations will try and initially deal with debts owed by trying to collect levies in arrears themselves,
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.
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
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.
