22 January 2025

A Property Practitioner’s Guide to FICA

Are you, as a Property Practitioner, aware that you could be an Accountable Institution? Are you compliant with FICA? It may seem daunting and overwhelming to know where to start, but don’t worry we’ve got you covered. Below is a guide to assist you to ensure your compliance.

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29 October 2024 ,

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.

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29 October 2024 ,

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.

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25 July 2024

The importance of good governance and accurate record keeping in sectional title schemes

Effective record keeping is crucial for responsible property management in sectional title schemes. It ensures compliance with legal regulations, fosters transparent communication, drives efficient decision-making, and ultimately contributes to the overall well-being of a scheme.

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20 April 2024

Understanding bodies corporate and contractual capacity: a layperson’s guide

Bodies corporate are separate legal entities which are automatically created, in terms of section 2(1) of the Sectional Titles Schemes Management Act[1] (“STSMA”), once any person other than the property developer becomes an owner of a unit within the Sectional Title Scheme (“scheme”).

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