Financial
The fiduciary relationship of trustees
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.
Stratafin news
Read news, views, and insights on all subjects relating to community housing schemes, bodies corporate, and homeowner associations.
Financial
Three ways to get funding to deal with levy defaulters
Community Schemes with financial restraints can obtain funding for levy defaulters through outside funders. Here are 3 types of funding for Community Schemes.
Financial
Easy ways to protect and secure your body corporate funds
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 financial year.
Financial
Sectional Title Insurance For Owners – What you need to know
As was shown in my last article the body corporate has various legislative requirements when it comes to insurance responsibilities. In this article, I will set out the requirements that are placed on the owners in regard to insurance
Financial
Body Corporate Insurance – What you need to know
Read more about the responsibilities that bodies corporate have when it comes to insurance. A Scheme has certain statutory responsibilities in regard to body corporate insurance
Financial
The duty to account to members on the body corporate 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.
Financial
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
Financial
6 Ways To Increase Your Body Corporate Cash Flow – Part 2
In part 1 of this series of two articles, we established that in order to increase body corporate cash flow, the trustees must collect from the member’s funds sufficient to cover the scheme’s estimated annual operating cost
Financial
5 Easy ways to increase 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.
Financial
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.
