I recently had a discussion with a managing agent on the role of the chairperson in general meetings of the body corporate (“AGM meetings”). There is often confusion regarding the chairperson’s powers and responsibilities in this regard.
Who is responsible for maintaining garage doors?
Introduction The question of whether bodies corporate can disconnect water and electricity of owners in arrears with their levies was very recently considered by Wilson, AJ of the Gauteng Local
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
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
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 corporate are finding themselves under
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 doubt regarding how monthly levies
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 the common property. This non-payment
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 business model for Trustee peace
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, not all cases can be
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