Funding and Treasury Archives | Sectional Title Solutions

23 April 2025 Funding and Treasury, Legal and Advisory

Can trustees increase levies without owner approval?

21 March 2025 Funding and Treasury

Managing risks in community schemes: How STS can help

Community schemes, such as complexes, estates and homeowners’ associations (HOAs), offer residents the benefits of shared resources, enhanced security, and well-maintained common areas. However, they also come with unique risks that, if not properly managed, can lead to financial strain, legal disputes, and operational disruptions.

20 January 2025 Funding and Treasury, Legal and Advisory

Is a body corporate protected from prescription of levy debts owed by its members?

The issue of whether a body corporate is shielded from the prescription of levy debts owed by members continues to be debated in the legal arena, with significant implications for sectional title schemes.

26 November 2024 Funding and Treasury

Shared spaces, shared costs – who is responsible for maintenance and repairs in sectional title?

In well-known Home Box Office (HBO) series, Game of Thrones, and the related novels by George R.R. Martin, characters Jon Snow and Maester Aemon often talk about the Wall’s importance in protecting all of Westeros. The Wall is not just the responsibility of the Night’s Watch; it protects the entire realm.

29 October 2024 Funding and Treasury, Legal and Advisory

Understanding sectional title levies: A comprehensive guide for trustees and managing agents

In the world of sectional title ownership, levies are a critical financial mechanism that ensures the proper functioning and maintenance of shared spaces and facilities.

29 October 2024 Funding and Treasury, Legal and Advisory

Understanding levy statements and accuracy in sectional title schemes

In the realm of sectional title schemes in South Africa, accurate levy billing is crucial for maintaining financial transparency and fostering trust among owners. Levy statements, which outline the contributions required from each owner to support the scheme's financial health, can sometimes lead to disputes if they are inaccurate.

26 September 2024 Funding and Treasury, Legal and Advisory

The annual budget: your roadmap to financial stability

“I wonder which way I ought to go!” - Alice in Wonderland. Unlike Alice’s approach for a body corporate, its trustees, unit owners, and managing agents, managing a sectional title scheme making this type of crucial decision, requires careful financial planning.

29 August 2024 Community, Funding and Treasury, Update

Unlocking new opportunities for clients: A new era in Capital Raising

At BC Funding Solutions (part of the same group as Sectional Title Solutions), we’ve always been committed to supporting community schemes (which include gated estates, sectional title body corporates, and homeowners associations) by providing loans to maintain and enhance their living environments.

21 July 2024 Funding and Treasury, Legal and Advisory

Recovery of arrear levies: an overview of executing judgment debts in terms of The Magistrates' Courts Act No 32 Of 1944

As trustees who have recently obtained a judgment against an owner in respect of arrear levies, you may be considering how to effectively enforce this judgment. STS receives numerous queries on a regular basis regarding the recovery of arrear levies, which can be a complex process, especially after obtaining a court judgment.

10 July 2024 Funding and Treasury

Recovery of arrear levies: what is a Section 65 financial enquiry?

After judgment against an owner for arrear levies has been obtained, one of the critical steps in the execution process is initiating a Section 65 financial enquiry in terms of the Magistrates' Courts Act No. 32 of 1944.

Funding and Treasury