Hi, I came across this article and am in need if some assistance.
I bought a two bedroom flat in July 2013. The Chairperson of our board of trustees owns 90% of the garages on the property and now with more tenants and owners moving in,
The sectional title property market is the fastest-growing housing type in the country. Reasons for this include the fact that a higher concentration of homes on a stand reduces pressure on municipal infrastructure and thus costs less to service than traditional suburban homes which each
Sectional title owners could see their levy costs increase by 15% per year for the next few years. This is due to last week’s gazetted Sectional Titles Schemes Management Act requiring schemes to have a reserve fund equal to at least 25% of the scheme’s
The regulations in terms of the Sectional Titles Schemes Management Act (STSMA), 2011 (Act No. 8 of 2011) and the Community Schemes Ombud Service (CSOS) Act, 2011 (Act No. 9 of 2011) are effective from today (7 October, 2016).
Published in the Government Gazette today, the
Hi there, I heard there is another levy we will soon have to pay that has to do with a new Ombudsman? - Paul
Hi Paul, yes this is true; there is a new Ombud that has been established for all community schemes (including sectional title schemes,
The Sectional Title Schemes Management Act (STSMA) and Community Schemes Ombuds Service Act (CSOSA) have been signed by President Jacob Zuma.
While the two new acts introduce very significant changes to scheme management law, as well as bringing the CSOS fully into operation to resolve scheme administration disputes, no confirmation
We need money for some maintenance at our complex and we don’t want to raise a special levy as people cannot afford it. We were thinking of creating some more parking bays and selling them to interested owners to raise the funds. We have some garages
I have taken a look at my complex's proposed budget and I see a second rates increase for October this year to April this year. The problem I have is that the percentage increase is not spread evenly across the units and I get an
One of the owners of a section in our scheme has a deck area that is an exclusive-use area. He wants to enclose the deck and make it a sunroom. We have advised him that it is an extension of his section and he needs to follow
Hi Karien, we have a problem! At the AGM it was decided to elect six trustees. At the first trustees meeting after the AGM we took a vote on who would be the chairperson. We reached a deadlock – three of us voted for Alex and three voted