Funding and treasury

In Community Schemes

There are a vast number of community schemes (body corporates and homeowner associations) in South Africa that struggle to operate functionally as a result of levy non-payment by unit owners. This often results in paying unit owners either having to subsidise non-paying unit owners levy amounts via special levies or doing without vital services and maintenance to the common property.

In some cases, the consequences of non-payment of levies are even more severe. This occurs when even necessary expenditure (such as basic utilities and municipal accounts) cannot be paid. In these cases, there is an immediate negative impact on ALL unit owner’s property values, daily living conditions and financial obligations to their community schemes.

What are the benefits of the STS Levy Funding facility?

Immediate and ongoing access to funding facility

Bespoke facility specific to your scheme's needs

Fund up to 100% of arrear levies (no discounting applied)

Retain control and management of levy collections

Simple and easy application process

For Body Corporates And Homeowner’s Associations

Community schemes frequently face the challenge of needing to promptly address unforeseen service or project needs without having sufficient funds readily available to do so. The community scheme is then forced to raise a special levy to gain the funds necessary for the service or the project, thereby placing undue financial pressure on unit owners.

STS offers bespoke project funding packages that aim to provide community schemes and their unit owners with the flexibility to choose their funding period and ensure that it can commence with their property maintenance, repairs, improvements and efficient energy-related projects when required without delay.