Sectional title querries

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Agenda points to be covered at the AGM - Stonewood Properties

Agenda points to be covered at the AGM - Stonewood Properties

Every owner in a scheme must be presented with the notice of the annual general meeting at least 14 days before the date of the meeting. The notice must include an agenda for the meeting. The agenda items are standard and are prescribed by the Sectional Title Act. Key items to be discussed at the annual general meeting are as...

Agenda points to be covered at the AGM - Stonewood Properties

Agenda points to be covered at the AGM - Stonewood Properties

Every owner in a scheme must be presented with the notice of the annual general meeting at least 14 days before the date of the meeting. The notice must include an agenda for the meeting. The agenda items are standard and are prescribed by the Sectional Title Act. Key items to be discussed at the annual general meeting are as...

Stonewood Property Management is a professional property management company specialising in the administration of community schemes such as sectional title bodies corporate and homeowners’ associations (HOA).

Body corporate repairs and maintenance - Stonewood Properties

One of the many benefits of living in a sectional title scheme is the advantage of seeing maintenance and repairs being done without you needing to organise it yourself or even knowing what is being done and why. Most owners in sectional title schemes purchase their units and know that they will be paying a levy every month to the...

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What actions must trustees take following an AGM? - Stonewood Properties

There are a number of points that need to be actioned following an Annual General Meeting. We cover those points in this blog: Appointment of a chairperson The Chairman is appointed at the first trustee meeting following the annual general meeting. The trustees appointed at the annual general meeting vote on the appointment of the chairman by majority vote. This...

Stonewood Property Management is a professional property management company specialising in the administration of community schemes such as sectional title bodies corporate and homeowners’ associations (HOA).

What is a Quorum? - Stonewood Properties

The Sectional Title Act states clearly that a general meeting of owners will not proceed if a quorum is not present. A quorum is the number of attendees required at the annual general meeting for the meeting to proceed, be it in person or by proxy. The quorum will be determined by the number of sections in the scheme as...

Rechtsanwalt in Berlin: Strafrecht, Verkehrsrecht, Ausländerrecht - KOSU

When is a body corporate regarded as healthy? - Stonewood Properties

One of the most common concerns for potential sectional title buyers include the purchase price of the unit paired with likely rental return on investment. As an owner-occupier, the focus is different as it is generally focused on the scheme’s performance and the people entrusted to run the affairs of the body corporate. Before you buy into a sectional title...

 Phto of Blueprints and Related Items - Top-Trends

Extension of a section vs. EUA improvement - Stonewood Properties

Sectional title is filled with procedural requirements that need to be followed by owners, trustees and the body corporate to achieve certain objectives. Extending a section or improving an exclusive use area (EUA) falls within specific requirements of the Act. It is important to note the difference between the two and what is required for each of them. Extending a...

Legislative changes to the management of sectional title schemes - Stonewood Properties

Legislative changes to the management of sectional title schemes - Stonewood Properties

The new Sectional Titles Schemes Management Act 2011 and the Community Schemes Ombud Service Act 2011 have just been released. These amendments will have important implications to the management of sectional title schemes. On 1 October 2016 the long-awaited Sectional Titles Schemes Management Act 2011 and the Community Schemes Ombud Service Act 2011 were signed by the President of South...

What to do when your body corporate holds sufficient reserve funds - Stonewood Properties

What to do when your body corporate holds sufficient reserve funds - Stonewood Properties

Once a body corporate already holds substantial funds in reserve, do they need to keep contributing to the maintenance reserve? In this blog, we address this question about reserve funds. What does the Act say? Naturally, owners do not want to make unnecessary payments, especially considering that the fact that when they sell their apartment, they will not be able...

Can sectional title trustees be remunerated?

Can sectional title trustees be remunerated? - Stonewood Properties

Being a trustee in a sectional title scheme is by all accounts a thankless job for which there is usually no payment offered. Why then, do people make themselves available to perform the duties of a trustee? Why be a trustee? Trustees are generally owners in a sectional title scheme who want to be involved in the day-to-day management of...

CSOS and collecting outstanding levies - Stonewood Properties

CSOS and collecting outstanding levies - Stonewood Properties

Levies – or contributions, as they are referred to in the Sectional Titles Schemes Management Act No 8 of 2011 – are the lifeblood of a body corporate’s successful existence. Without contributions paid by all members, the body corporate is unable to pay for services provided. The direct result of this may include legal action against the body corporate for...

Who is responsible to maintain or replace windows in a sectional title scheme?

Who is responsible to maintain or replace windows in a sectional title scheme? - Stonewood Properties

Maintaining the common property in a sectional title scheme is the body corporate’s responsibility. The scheme’s annual budget must make provision for both planned and unplanned maintenance during the financial year. Does this budget have to include provisions for maintenance to windows in the scheme? Bodies corporate often neglect to make the necessary provisions for this kind of maintenance resulting...