Property Management, Property Rentals and Property Financial Services in South Africa

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Blog

Nov 30
New Sectional Title laws will mean higher insurance costs

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sectional title building insurance cover

Several new insurance requirements have just been introduced for Sectional Title and other community housing schemes, and could mean additional costs for owners who are already facing levy increases to cover the establishment of proper reserve funds. However, says Andrew …

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Nov 10
Vukile’s R 80 million redevelopment responds to high demand for apartment living in Randburg

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Randburg Square Apartments

Vukile Property Fund’s conversion of its Randburg Square offices into contemporary, compact residential apartments has created a new vibrant urban living option in the heart of the Randburg. The 180 new apartments are set atop Randburg Square shopping centre, also …

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Oct 28
The practical implications of the CSOS Act (Act 9 of 2011)

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regulations and rules

The Community Schemes Ombud Service Act became effective on the 7th October 2016. This legislation applies to all community property schemes including Sectional Title schemes run by bodies corporate; estate and cluster developments run by home owner associations (NPC or …

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Meetings: What’s new in the STSM Act (Act 8 of 2011)?

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meetings

There are primarily two types of meetings to consider– Trustee Meetings and General Meetings; we will look at the practical change implications for both forms of meetings introduced by the new Sectional Titles Schemes Management (STSM) Act in this article. …

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Maintenance implications for Sectional Title buildings arising from the STSM Act

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property maintenance

There are several important maintenance requirements arising from the Sectional Title Schemes Management (STSM) Act which apply to Sectional Title buildings. The practical objectives are to promote more formalised, long-term and consistent maintenance planning and implementation, backed by commensurate budgeting …

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Collecting arrear levies ahead – considering the CSOS Act

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payment due

After being promulgated in 2011, the Community Schemes Ombud Service (CSOS) Act, has recently come into force following the finalisation and publication in the Government Gazette of its attached Regulations. The intention behind the Act is primarily to create an …

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The insurance implications of the new CSOS and STSM Acts

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homeowners insurance

The CSOS and STSM Acts were promulgated on the 7th October 2016. Three important insurance provisions have been legislated and are explained in further detail below for awareness and compliance purposes: Fidelity insurance (CSOS Act): Going forward all community schemes …

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Oct 14
The STSM Act: What you need to know right now

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Sectional Title Property Reserve Fund

Most owners in Sectional Title schemes can expect their levy payments to increase now that the Sectional Titles Schemes Management (STSM) Act has come into operation. The reason, says Andrew Schaefer, MD of leading national property management company Trafalgar*, is …

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Oct 10
The CSOS Act: Here are the essentials

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CSOS Act

The much-anticipated Community Schemes Ombud Service (CSOS) Act is now fully operational and applicable to all community housing schemes including Sectional Title and shareblock schemes, cluster complexes and estates run by home owner associations (HOAs), retirement villages and housing co-operatives. …

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Sep 05
Keeping track of parking on common property

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Sectional Title Parking Space

Parking space is at a premium in most Sectional Title schemes, so it is not unusual for additional parking bays to be created on common property, says Andrew Schaefer, MD of leading national property management company Trafalgar*. “The Sectional Titles …

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