Articles

What is the Reserve Fund and Why Does It Matter? A Reserve Fund is a critical financial resource for any Community Scheme, ensuring there’s money set aside to cover the cost of future maintenance and repair of common property. It is specifically for: Major Repairs –...

Why Accurate Meeting Minutes Matter Accurate meeting minutes are more than just a formality—they are an essential legal record that ensures transparency and accountability in your Community Scheme. Here’s why they matter: Legal Record of Decisions Made – Vital for...

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...

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...