The Role of Trustees in Sectional Title Schemes
Are you fully aware of your responsibilities as a Trustee in a Sectional Title Scheme?
From financial oversight to legal compliance, your role is vital for the smooth running of the Scheme. As a Trustee, your duties extend far beyond signing off on budgets — you’re the guardian of the Scheme’s financial health and long-term success.
Here’s a breakdown of key responsibilities:
- Approving Budgets – Ensure transparency and sustainability by controlling income and expenditure.
- Overseeing Maintenance – Regular checks to ensure the property stays in excellent condition, safeguarding its value.
- Enforcing Rules – Uphold the rules set out by the Body Corporate to ensure smooth communal living and protect property values.
Trustees who understand their roles enhance the value of the property and the overall Community living experience. Trust us to guide you every step of the way, ensuring your Scheme thrives and stays compliant with the Sectional Titles Schemes Management Act (STSMA).
Codes of Conduct — How a Good Sectional Title Managing Agent Will Work for You