I just read the story on HomeTimes entitled, Sectional title corner – can levies be hiked by more than 10%? While I agree that there is no limit to the percentage increase in the act or the regulations, I would like to know if the trustees,
How are sectional title levy annual increases calculated? Can the increase be up to 16%, and what informs that decision? – Lesego
In order to plan for a specific financial year (or a longer period as determined by the trustees) the body corporate must draw
More than one in four South Africans who want to and are willing to work cannot find a job. This is according to Stats SA which this week released its quarterly labour force survey in which it highlighted that unemployment had risen to a 10-year
There was an insurance claim at my unit. Why am I responsible for the insurance excess? Surely the body corporate must pay the excess as the insurance is in the name of the body corporate? - Mike
You will have to check your complex’s management rules.
What if we told you that your monthly rental installments could be used to help you buy the home you’re already living in?
Rent2buy, the brainchild of lawyer Meyer de Waal, is a relatively new product (based on an old concept) that allows tenants to buy
The Sectional Titles Act states that participation quotas must be shown on the sectional plans to four decimal places. Why does mine only show three decimal places? Does that mean we have to redo our plans? - Anon
The Act 66 of 1971 said plans
If no provision was made for increased security services (i.e. from nights only (6pm to 6am) to 24 hours over weekends and public holidays at the AGM and the adoption of the new budget) can the trustees take a resolution to do this two months
Some 40% of applications for housing finance are turned down in sought-after Pretoria East suburbs, where the biggest demand is for homes priced below R2,5m.
This is according to Gerhard van der Linde, Seeff’s MD in Pretoria East, who said the most popular areas are Garsfontein,
An email spat between a Johannesburg-based removals company and an unsatisfied customer brings two lessons to the fore: customers need to understand that no business and its services are perfect; and companies should never, under any circumstances, attack their unhappy clients personally and do it
We have decided to save money and not use a managing agent anymore. We have a number of retired people who can do the books. - Pam
Very few owners and a lot of trustees do not fully understand the role of a managing agent. We do