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Sectional title corner – Are there circumstances when a scheme might be excused from maintaining a reserve fund?

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Q

All of our properties have separate entrances, linked only by the shared wall. There is no common property. If we can install individual prepaid meters for our water, is a reserve fund and maintenance fund still required? – Nadine

A

Dear Nadine, as long as you are a registered Sectional Title scheme you will be governed by the Sectional Titles laws – i.e. must have a reserve fund.Trafalgar logo fc_pay off line


Got a burning question?  Email david@hometimes.co.za and we’ll be sure to assist you. 


Who is Karien Coetzee?

Karien Coetzee, national property management consultant at Trafalgar.

Karien Coetzee, national property management consultant at Trafalgar.

Karien Coetzee is the national property management consultant at property management company, Trafalgar. She holds qualifications in sectional title schemes management and homeowners association management.

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