The Different Types of Homeowners Associations (HOA’s)
Introduction In South Africa there are many types of community schemes. I am often asked what homeowners’ association (HOA) is. A HOA is a legal body in which the individual properties
Introduction In South Africa there are many types of community schemes. I am often asked what homeowners’ association (HOA) is. A HOA is a legal body in which the individual properties
Let’s discuss what getting into a debt trap really means and more importantly, how to get out of it
Introduction Community living means that owners and occupiers live in close proximity and need to share space and amenities. The Sectional Titles legislation deals with any of the consequential negative
Introduction It’s beginning to feel a lot like Christmas! As the year draws to an end the trustees may wish to take stock of where the management of the scheme
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,
The failure by owners to comply with their legal obligation to pay levies, necessitates the Trustees to take legal action for the collection of the outstanding levies. This can become
Do you know what the fiduciary relationship of trustees for the Body Corporate is? In this article we discuss what is a fiduciary relationship and the impact.
Community Schemes with financial restraints can obtain funding for levy defaulters through outside funders. Here are 3 types of funding for Community Schemes.
Efficient financial management is one, if not the most, important function of the body corporate. The body corporate funds need to be accurately budgeted for the expenses for the next
In this article, we set out the requirements that are placed on owners with regards to Sectional Title insurance.
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