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Sectional title corner – Which expenses are based on participation quota?

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Q

When it comes to sectional title schemes and participation quota, should each unit’s levy be determined based on the whole cost of the budget with participation quota or should only the maintenance costs be based on participation quota? – Kashvir

A

Hi Kashvir, all expenses are based on participation quota. The only items that might be exempt and billed directly to the owner will be a separate, approved levy for a certain service like a telephone line or sanitation. The City of Johannesburg, for example, has a specific rate for each unit and units can subsidise each other’s costs.


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This question was answered by experts from the Central Developments Property Group and facilitated by communications manager Alda Erasmuscentral developments


Who is Alda Erasmus?

Alda Erasmus, Cosmopolitan Projects and Central Developments Group communication manager

Alda Erasmus, Cosmopolitan Projects and Central Developments Group communication manager

After obtaining an honours degree in Corporate Communication from UJ, Alda spent 11 years living and working in the USA, the Netherlands and the UK in the financial software industry. She joined the Cosmopolitan Projects and Central Developments Property Group in 2010. Since then Alda has worked with all the divisions in the Group, including human resources, land development, project management, construction, marketing and property management.

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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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