Home / Posts Tagged "Sectional Title Schemes Management Act"

Q Hi, is there any way that we can get around the fact that the security levy is calculated and payable by participation quota (PQ)? We feel that in our sectional title complex, which consists of various sized homes, it unfair to say that a big house

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Q Hi, we are having our AGM at the end of September this year. When we received our copy of the body corporate financials, we noticed that the financial year for the audited financial statements is January 1 to December 31. When we checked previous financials,

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Q I am writing on behalf of our management association committee. The Country Village is a retirement complex in Greyton, and the 61 properties are all freehold. We keep our monthly costs under control as much as possible by, among other things, managing our finances internally

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Q Can a non-owner and non-resident without proxy attend a trustees’ meeting and voice an opinion knowing he cannot vote without proxy? – Sandy A Hi Sandy, there is no such thing as a proxy for a trustee meeting. If an owner cannot attend they have to give their

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Q Hi, I live in a “retirement village” in Roodepoort that is fully occupied (48 units) but for which the Section 82 certificate has not yet been issued. This lack of certification has been a bone of contention between the residents and the developer ever since

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Q Hi, please help me! An owner has called a special general meeting (SGM) tonight to increase the number of trustees from two to five (financial year end is June). I have three questions: #1 Can she give her proxy to her father who is a non-resident or owner? #2 Can

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Q Hi, there seems to be some confusion regarding owners attending trustees’ meetings. As recently as 2015 it was stated that owners could only attend trustees’ meetings if invited. However, reading the new act, this seems to have fallen away? There is also no mention of spouses

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Q Hi, in a complex of townhouses where voting rights are unit based (not number of votes as determined by participation quotas), and if the unit is registered in the name of more than one person (say two or three), how many votes is that unit

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The lower to mid-market sectional title sector is expected to remain the busiest throughout 2017, with the highest demand for well-priced units under R1,5m likely to drive most of the activity; however, this sub-sector can also be challenging with buyers unable to secure bond finance. This

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Q With many schemes being unprepared for the requirements of the STSMA and CSOS regulations, they are scrambling to meet their requirements and as such are following the law to the letter. I received an email notice from my managing agent which said our levy would

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