'Check homeowner association rules'
"All too frequently buyers don't read the conduct or management rules of the scheme before they sign an offer to purchase and agents must ensure that their buyers do so," says Lanice Steward of Knight Frank Residential SA.[Read More]
Posted at 06:43AM May 04, 2015 by Editor in Sectional Title |
Teamwork can save mismanaged sectional schemes
In some sectional title complexes the managing agents are left to run the scheme without much questioning or input from the trustees. This can lead to problems if that managing agent has not done all that he was meant to have done to keep it financially sound.[Read More]
Posted at 05:05AM Oct 16, 2013 by Editor in Sectional Title |
Autocratic management 'create havoc' in sectional title schemes
There are several buildings in the inner cities managed by autocratic persons.
Armed with some knowledge of the Companies or Sectional Titles Act, they make rules and execute these with cunning impunity since the shareholders, owners or trustees have no time to familiarise themselves with the relevant law and rules.[Read More]
Posted at 09:57AM Feb 27, 2013 by Editor in Sectional Title |
What to be aware of when selling or buying sectional title property
When a sectional title unit is being sold, the situation sometimes arises where it is discovered too late that the scheme's body corporate has not been run properly, that they have not held AGM's regularly or the financials are showing signs of discrepancy or debt, said Michael Bauer of IHFM, the property management company.[Read More]
Posted at 08:30AM Feb 26, 2013 by Editor in Sectional Title |