Understanding Community Living Insurance vs Personal Insurance in a Scheme
Understanding Community Living Insurance vs Personal Insurance in a Scheme. Many owners mistakenly believe that community living insurance covers all their insurance needs. This misconception can lead to unexpected out-of-pocket costs. What Community Living (Body...
Fiduciary Duties of Scheme Executives in South Africa
Fiduciary Duties of Scheme Executives in South Africa Serving as a Scheme Executive, whether a Trustee in a Sectional Title Scheme or a Director in a Homeowners Association (HOA), is more than a title. It’s a legal and ethical commitment to act in the best interests...
Scheme Rule Enforcement: Supporting Fairness Without Fuelling Conflict
Scheme Rule Enforcement: Supporting Fairness Without Fueling Conflict. Community Scheme rules exist to protect the shared interests of all residents -but how they’re enforced can make or break the sense of community. Here’s what Scheme Executives need to know: Conduct...
What Should Your Managing Agent Really Be Doing for Your Scheme?
What Should Your Managing Agent Really Be Doing for Your Scheme? Managing agents play a vital role in supporting Scheme Executives – whether you’re a Trustee in a Body Corporate or a Director in a Homeowners’ Association. The right managing agent helps...
Fiduciary Duties of Scheme Executives: Safeguarding Community Schemes in South Africa
Fiduciary Duties of Scheme Executives: Safeguarding Community Schemes in South Africa In South Africa, community living through Sectional Title Schemes and Homeowners Associations (HOAs) is a cornerstone of modern property ownership, offering shared amenities and...
Transparent Financial Management: A Cornerstone of Good Governance
Transparent Financial Management: A Cornerstone of Good Governance Financial mismanagement can destabilise even the most well-run Scheme. That’s why transparent financial practices are not just expected – they’re essential. What does best practice look like?...
Sectional Title vs Full Title: What Every Buyer Should Know
Sectional Title vs Full Title: What Every Buyer Should Know Before you sign an offer to purchase, it’s important to understand how property ownership types affect your costs, responsibilities, and lifestyle. Here’s a breakdown of three of the main types of ownership...
Why Your Scheme’s AGM Matters More Than You Think
Why Your Scheme’s AGM Matters More Than You Think The Annual General Meeting (AGM) is more than just a yearly update – it’s a legal requirement and a vital part of running a successful, financially sound, and transparent community scheme. Here’s what’s at...