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

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Blog

Oct 28
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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Aug 18
High demand for quality accommodation in trendy Central

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Trocadero Inn

Block by block and street by street, Port Elizabeth’s historic Central is steadily being reclaimed and regenerated as a vibrant hub of live-work-and-play activity, housing students, young professionals, creative and professional businesses and tertiary education institutions as well as popular …

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Jul 28
Urban chic comes to Randburg

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Randburg Square

The conversion of unused office buildings to highly-desirable urban apartments has become a familiar concept in Johannesburg’s city centre – and now the JSE-listed Vukile Property Fund has taken it to the old Randburg CBD, which is currently undergoing significant …

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Jul 14
Selecting the right contractor for sectional title renovations

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Sectional Title Renovations

In most parts of SA, winter is definitely the best time for the trustees of sectional title schemes to schedule any major improvement or renovation projects that are in their budgets for the year. “The usually dry and sunny days …

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Jul 07
High-end security tips for high-end tenants

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high rise building

All over the world, glamorous high-rise living in urban centres is in vogue again among high-end renters, mostly for reasons of convenience but also for greater security. “In South Africa, we see this trend catching on in the rising demand …

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