STA -2020

Can a body corporate still raise special levies? – 12 March 2020

When the Sectional Titles Schemes Management Act no 8 of 2011 was promulgated in October 2016, many trustees and owners in sectional title schemes were under the impression that special levies were now a thing of the past. What lead to this impression was the obligatory requirement for a maintenance, repair and replacement plan (MRRP), compelling schemes to save for big expenses and evidently eliminating the need for special levies…

Can you sell your exclusive use area? – 23 April 2020

EUAs comprises parts of the common property where specific owners enjoy exclusive use and enjoyment of these areas. The different types of usages allocated to EUAs include parking bays, storerooms, balconies, roof terraces, gardens and garages…

HOW TO DEAL WITH DEFAULTING LEVY PAYERS – 26 November 2020

All the members in a sectional title development contribute to the scheme’s income which is used to pay its expenses. This may seem simple in theory but when a member starts falling behind in their levy payments, it can quickly escalate and put the scheme under financial strain…

Residential estate living vs sectional title living – 10 February 2020

Buying property in a community scheme remains a popular choice for many buyers whether they are first-time buyers or established buyers. Community schemes come in various shapes and sizes, and includes security estates, sectional title complexes, retirement developments and housing estates…

WHAT ARE THE ROLES AND RESPONSIBILITIES OF TRUSTEES? – 17 November 2020

Appointing body corporate trustees is one of the most important decisions that the members of the scheme must make every year. Trustees should have the relevant knowledge and management skills, and they should also be able to carry out their responsibilities in a way that benefits the scheme…

Why a body corporate should not neglect fidelity insurance – 30 January 2020

Changes to the Sectional Titles Schemes Management Act 8 of 2011 (STSMA) on 7 October 2016 made fidelity insurance compulsory for bodies corporate. This means that the body corporate must insure itself against the potential loss of its funds by way of fraudulent or dishonest conduct by the trustees, managing agent or anybody who has access to these funds…

Why your body corporate needs a 10-year maintenance plan – 7 May 2020

In the past, many community schemes have found themselves in financial distress due to poor planning by trustees, or due to push back from owners not wanting to increase levies. The lack of efficient planning had the result of placing undue financial stress on individual owners as well as the body corporate when major maintenance repairs became necessary…