There are thousands of sectional title complexes and gated estates in South Africa – and the huge majority have ongoing problems with owners not paying their levies at various times and for various reasons. “This suggests that there is a …
Read moreMar 06For Sectional Title buyers, levies are the price of ownership
Posted by Trafalgar Property in Blog Comments Off on For Sectional Title buyers, levies are the price of ownership
Feb 04Insurance do’s and don’ts for landlords
Property investors who are still paying off a bond on a rental property will usually also be paying a monthly or annual premium for home owner’s insurance (HOC) which provides cover against damages to the structure that could be caused …
Read moreJan 10Sectional title common property explained
Sectional Title (ST) owners need a better understanding of how ownership of the common property works and what they can and cannot do with it. So says Andrew Schaefer, MD of national property management company Trafalgar, who notes: “We find …
Read moreJan 08Do not delay telling landlord when you cannot make a payment
Posted by Trafalgar Property in Blog Comments Off on Do not delay telling landlord when you cannot make a payment
TENANTS, if you can’t pay your rent, speak up quickly, all experts advise. The first thing to do is to communicate with the owner and try to make a plan with him or her, said Herschel Jawitz, chief executive of …
Read moreDec 14Prince’s Grant HOA appoints Trafalgar
The Ballito office of Trafalgar Property Management is experiencing increased demand for its services and has already gained several more Sectional Title complexes and North Coast estates as clients since opening in July. Among these is the spectacular Prince’s …
Read moreDec 11The do’s and don’ts of Sectional Title money management
Posted by Trafalgar Property in Blog Tagged administrative fund, body corporate funds, body corporate insurance, Community Schemes Ombud Service Act, property management company, reserve fund, Sectional Title money management, Sectional Title Schemes Management Act, Sectional Title trustees 1 Comment
Sectional Title trustees control literally millions of rands worth of levies paid by owners every month, so it is not surprising that they are often approached with proposals to invest at least some of this money in stocks and …
Read moreNov 09The downtown Durban slum building that became a poster child for rehabilitation
Posted by Trafalgar Property in Blog Comments Off on The downtown Durban slum building that became a poster child for rehabilitation
Success followed a decade of legal wrangling to clear a Durban building that had turned into a no-go zone. Blessing Mbhele, a buff bodyguard turned building manager, has an angelic smile that changes in an instant when he means business. …
Read moreOct 17Special levies now have a sting in the tail
There are many Sectional Title owners and buyers who are under the impression that the legislation which made it compulsory for schemes to establish and maintain substantial reserve funds also did away with the need for unpopular and often problematic …
Read moreSep 26The legal process of arrear levy collections
Elwin Els, the National Collections Manager for Trafalgar Property Management talks about the legal collection process of arrear levies. There are a couple of items discussed, one being the rationale “Why do we need attorneys?”, “Why do we need them …
Read moreSep 17If it’s a Sectional Title scheme, it must have a body corporate
Posted by Trafalgar Property in Blog Comments Off on If it’s a Sectional Title scheme, it must have a body corporate
There could be trouble ahead for the owners of duet homes and properties in small sectional title (ST) estates that do not have a functional body corporate and are not being run in terms of the Sectional Title Schemes Management …
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