Private Property, Common Property, and Exclusive-Use Areas – What Scheme Executives (Trustees) Need to Know In a Sectional Title Scheme, managing the balance between private and shared spaces is essential. Scheme Executives (Trustees) must have a clear understanding...
The Importance of a 10-Year Maintenance Plan Did you know that a 10-year maintenance plan is not just a suggestion—it’s a legal requirement under the Sectional Titles Schemes Management Act (STSMA)? This plan is essential for the long-term sustainability of your...
Tips for Financial Planning in Community Schemes Effective financial planning is crucial for ensuring your Community Scheme remains financially viable and well-maintained. Here are a few key steps to keep your finances on track: Drafting Realistic Budgets – Account...
How to Resolve Disputes in Your Scheme Disputes in Community Schemes are sometimes unavoidable, but they don’t have to escalate into major conflicts. Here’s a guide on how to handle them effectively: Start with Open Communication – Many disputes can be addressed...
How Utility Bill Management Affects Your Scheme’s Budget Utility bills often make up a significant portion of a Sectional Title Scheme’s budget. With proper management, your Scheme can avoid unnecessary costs and ensure financial efficiency. Here's how we assist:...
Understanding Trustee Resolutions, Ordinary Resolutions, Special Resolutions, and Unanimous Resolutions in Sectional Title Sectional Title Schemes are a popular form of property ownership, especially in urban areas. They allow individuals to own units within a...
City Council utility accounts – are you at risk? In a Sectional Title Scheme, the City Council provides a bulk connection for the supply of electricity and water for the entire Scheme. This includes all the units and any usage by common property for common property...
Empowering The Body Corporate: 8 Steps To A Strong Administrative Fund Budget Prescribed management rule 26(1)(e) made under the Regulations to the Sectional Titles Schemes Management Act of 2011 provides that the trustees must prepare draft administrative and reserve...
Three ways to resolve unauthorized common property alterations In a consulting matter I dealt with this month, the trustees of a scheme were undertaking the mammoth task of sorting out 20 years’ worth of unapproved alterations made to the scheme’s common property....
Buying into a Community Scheme or stepping into the role of a Trustee can seem intimidating. We are proud to offer the TRACS Introductory Guide for Sectional Title Owners free of charge! TRACS can teach you: The benefits, duties, and responsibilities of Sectional...