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.
In today’s economy, managing a body corporate is more challenging than ever—just ask the trustees! Effective financial management is critical for any sectional title scheme, yet many bodies corporate find themselves in a cash flow deficit.
In Alice in Wonderland by Lewis Caroll, Alice asks the Cheshire Cat, “Would you tell me, please, which way I ought to go from here?”. The smiling Cheshire Cat responds, “That depends a good deal on where you want to get to.”
Owning property in South Africa is not just about acquiring a piece of land or a building—it's about safeguarding and nurturing that investment for the long haul. This holds especially true for sectional title schemes where communal living adds layers of complexity to property maintenance.
The current economic climate has taken a toll on people's finances and mental well-being. Rising interest rates and increased cost of living left individuals struggling to make ends meet.
At Sectional Title Solutions (STS), we are dedicated to helping community schemes thrive by reducing costs, increasing property value, generating income, and promoting eco-friendliness.
Are arrear levies threatening your community scheme’s financial stability?
The non-payment of levies potentially has severe consequences for community schemes. Body corporates are unable to fund the day-to-day expenses and necessary maintenance and repair projects.
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