Not Paying Levies Will Negatively Impact Your Sectional Title Scheme
Not paying levies will negatively impact your sectional title scheme. Levies are not just another monthly expense; they are vital to maintaining and growing the value of your investment. We unpack how not paying your levies will negatively impact your investment. Levies in Sectional Title Management Levies ensure that any sectional title scheme runs smoothly.
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Better Communication, Stronger Community.
How Property Management Elevates Sectional Title Schemes Property management elevates sectional title schemes. In any shared living environment, effective communication is essential. In today’s fast-paced world, having a reliable property management team can be the difference between a thriving community and one that struggles with disarray. With multiple residents, trustees, and regulations to consider, a
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Navigating Regulatory Complexity
How professional secretarial and administration services can help navigate property management complexities. TVDM Consultants – Razeen Khan (Community Schemes Consultant) Professional secretarial and administration services offer invaluable support. By leveraging these specialised services, property managers can effectively mitigate legal risks and maintain compliance, ultimately safeguarding the interests of all stakeholders involved. TVDM Consultants highlights the
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Budgeting for success in community schemes
Best practices for annual budget preparation TVDM Consultants – Zerlinda van der Merwe (Co-Founder | Director) In our consulting practice, and during my time as a managing agent, I saw that although many members of community schemes do not understand much more than the basics of financial accounting and budgeting, they do their best to
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Who should be chairing your meeting?
FMS Property Managers and TVDM Consultants TVDM Consultants – Zerlinda van der Merwe (Co-Founder | Director) The chairperson of the trustees, being a member of the body corporate, or not, is the person automatically responsible for chairing trustee meeting, annual general meetings and special general meetings. However, it is possible for any and all of
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Exclusively mine, exclusively yours – what is an exclusive use area?
TVDM Consultants – Zerlinda van der Merwe (Co-Founder & Director) In our consulting department, we are often assisting clients with issues and queries that they have in regard to THEIR garden, balcony, parking etc. But, the question we always ask, is “is it yours?” This may sound strange to an owner of an apartment or
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What to consider when drafting a Maintenance, Repair and Replacement plan.
What is a MRR plan? According to the Sectional Title Schemes Management Act, each body corporate is required to establish a reserve fund, including a ten-year maintenance, repair, and replacement plan (MRR). A MRR plan’s purpose is to ensure that the body corporate has enough funds to cover the costs of maintaining and repairing the
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What makes a good managing agent?
TVDM Consultants are Specialist Community Schemes Legal Consultants, advising property portfolio managers, developers, managing agencies and scheme executives in all legal aspects of community scheme property management. As trusted legal consultants, we’ve asked them to deep dive into the question, ‘What makes a good property manager?’ As a trustee or director in a Homeowners Association
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Understanding Levies in Sectional Title Properties
Living in a sectional title property offers many advantages. It also carries certain responsibilities and financial obligations. One of these responsibilities is the payment of levies, also known as contributions, to the body corporate. FMS Property Managers outlines these types of levies related to a sectional title property and how they are determined. How are Sectional
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Superior Body Corporate Management Services
Body corporate management is critical in the field of property ownership for maintaining harmony and guaranteeing the seamless operation of shared places. FMS Property Managers continually strives to expand our property knowledge and inform our clients of developments in the property sector.
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