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

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References in the Prescribed Management Rules (PMR)

All references in this guide are made from the Prescribed Management Rules – Annexure 1 of the
STSM Act – you will have to investigate to see if these rules apply to your complex or if your complex have amended these rules.

PMR 1 is the Heading

PMR 2 deals with the Interpretation

PMR 3 deals with amendments and the binding nature

PMR 4 deals with the Service Addresses – previously called the domicilium

PMR 5 to 8 deals with the Trustees
5 – Trustees
6 – Requirements for office and disqualification
7 – Nomination, election and replacement
8 – Payment and indemnity

PMR 9 to 14 deals with Trustee meetings and decisions
9 – General powers and duties
10 – Validity of actions
11 – Calling and attendance at meetings
12 – Chairperson
13 – Quorum
14 – Voting

PMR 15 to 20 deals with Owners meetings
15 – Notice
16 – First general meeting
17 – Annual and special general meetings
18 – Chairperson
19 – Quorum
20 – Voting and representatives

PMR 21 to 26 deals with Financial management
21 – Financial year, functions and powers
22 – Maintenance, repair and replacement plan
23 – Insurance
24 – Administrative and reserve funds
25 – Contributions and charges
26 – Financial records, budgets, reports and audit

PMR 27 to 28 deals with Administrative Management
27 – Governance documents and records
28 – Executive Managing Agent and Managing Agents

PMR 29 to 31 deals with Physical Management
29 – Improvements to common property
30 – Use of sections and common property
31 – Obligation to maintain

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