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Sectional title corner – Who issues the levy clearance certificate?

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Q

Hi, thank you for your website. Our managing agent is asking our body corporate to sign over to them, the responsibility for issuing of levy clearance certificates, but thus far they are refusing to tell me what the certificate fee will be? Can you help with the following questions please?

#1: Can you perhaps tell me what a typical certificate fee is?

#2: Is this something that is difficult for the body corporate to handle?

#3: Does it require a lawyer to issue one?

Thank you – Mark

A

Hi Mark, here are the answers to your questions. I hope this helps you.

#1: It differs from managing agent to managing agent and from city to city. In Cape Town for instance we charge R1,083 and in Johannesburg we charge R1,200. The body corporate does not pay the fee, the seller does. We have a dedicated person in each of our branches that deals with this.


Who pays for the levy clearance certificate?


#2: This is typically dealt with by the managing agent as they keep the accounting records. You will need details of the levy accounts of all owners and the future levies.

#3: No, anybody can issue it, but if it is not correct then the body corporate may lose some of its income that is due to it.


Got a burning question? Email mariette@hometimes.co.za and we will be sure to assist you


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Who is Karien Coetzee?

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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.

ungerermariette@gmail.com

Mariette Steynberg is a qualified economist with a post-graduate diploma in financial planning. She has enjoyed working on holistic financial plans for clients in various stages of life, as well as a development economist assessing the socioeconomic impacts of new developments. When she is not working, Mariette enjoys parenting her quirky, delightful toddler girl. Cloth diapering, Eskimo kisses and the importance of reading to your child are all causes close to her heart. Mariette is passionate about financial education and hopes to use the experience she has gained to share knowledge with HomeTimes’ readership. Her goal is to provide information that is implementable by everyone.

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