Stratafin news

Read news, views, and insights on all subjects relating to community housing schemes, bodies corporate, and homeowner associations.
Funding projects
Articles

How to Fund Major Maintenance Projects 

Budgeting for major maintenance projects is one of the most important executive functions of the trustees. Trustees attempt to keep levies low, but this should never be at the expense of saving for future maintenance projects. 

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Piggy bank budget
AGM / SGM

Raising Special Levies as a Last Resort 

Over the last ten plus years I have often been asked when and how special contributions (or “special levies”) can be legally raised. There are so many misconceptions and misunderstanding in regard to special levies. I have been told that:  

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Decision Making
Articles

How to Resolve Decisions in Schemes

Managing a sectional title scheme requires making various decisions. Different decisions require different levels of consensus of the trustees and members of the body corporate in sectional title schemes

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Exclusivity
Articles

Exclusivity

The community property element of sectional title schemes comes into play when we refer to common property. Common property includes all the land and those parts of the buildings that are not included in the sections. The body corporate must maintain the common property

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