Who is the Body Corporate?
Who is the Body Corporate? We often hear owners say: “I want to speak to the Body Corporate.” But here’s the truth: the Body Corporate is not the Trustees or the Managing Agent – it’s all the owners, collectively. When does it come into existence? The moment the...
Financial Planning and Budgeting in Community Schemes
Financial Planning & Budgeting in Community Schemes Financial planning is the foundation of a well-run community scheme. Whether you manage a sectional title complex or a homeowners association (HOA), careful budgeting ensures the scheme can meet its obligations,...
What Do You Own in a Homeowners’ Association (HOA)?
🏡 What Do You Own in a Homeowners’ Association (HOA)? When you buy into a Homeowners’ Association, ownership works very differently from Sectional Title – here’s what you need to know: Erf and Home – You own the full stand (plot of land) and the buildings on it,...
What Do You Own in a Sectional Title Scheme?
What Do You Own in a Sectional Title Scheme? When you buy into a Sectional Title Scheme, your ownership is carefully defined in law – it’s not always as simple as “my unit, my walls.” Here’s how it works: Your Section: – Ownership is defined by the median...
Sectional Title Meetings Explained
Sectional Title Meetings Explained Not all meetings in a sectional title scheme are the same. Here’s what owners and trustees need to know: Annual General Meeting (AGM) Must be held once a year (within 4 months of financial year-end) At the AGM, members (all owners)...
Water Damage at Home? Act Fast to Protect Your Investment!
Water Damage at Home? Act Fast to Protect Your Investment! Water-related damages can be covered – but only if you act within 30 days and follow your policy correctly. Acting promptly can make all the difference in getting your claim approved. Here’s how to stay...
Levy Contributions & Cash Flow Management in Community Schemes
Levy Contributions & Cash Flow Management in Community Schemes Levy contributions are the lifeblood of a community scheme. Without them, a Body Corporate or Homeowners Association (HOA) cannot fund daily operations, pay service providers, or plan for future...
The Role of Prepaid Meters in Managing Utility Arrears in Community Schemes
The Role of Prepaid Meters in Managing Utility Arrears in Community Schemes In South Africa’s community schemes, such as sectional titles and homeowners associations (HOAs), utility arrears – unpaid electricity and water bills – pose a significant threat...