Results for Sectional Title Schemes Management Act

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Out with the old, in with the new - body corporate rules
Out with the old, in with the new - body corporate rulesArticle

Many owners of a unit in sectional title schemes, especially those schemes opened before 7 October 2016, remain confused as to which body corporate rules apply to their scheme...

Lisa Tonini 19 Apr 2021

Can body corporates and homeowners' associations borrow money?
Can body corporates and homeowners' associations borrow money?Article

Good financial and cashflow management is crucial for well-run and efficiently operated community housing schemes, including sectional title schemes and home owners' associations...

Issued by Propell 15 Mar 2021

Challenges of 'building-on', remote working in ST schemes
Challenges of 'building-on', remote working in ST schemesArticle

Covid-19 has accelerated a new normal in which more employers are allowing their employees to work from home, and this trend is likely to continue beyond the current Covid-19 crisis...

27 Nov 2020

Financial trouble looms for sectional titles with levies in arrears
Financial trouble looms for sectional titles with levies in arrearsArticle

According to Andrew Schaefer, MD of property management company Trafalgar, scores of sectional title (ST) schemes and home owners' associations (HOAs) are going to be in financial trouble soon if owners don't start making up the levy payments deferred...

31 Aug 2020

Why sectional title schemes need a 10-year plan
Why sectional title schemes need a 10-year planArticle

According to the Sectional Title Schemes Management Act (STSMA), a 10-year maintenance, repair and replacement plan for major capital assets must be presented at the annual general meeting for approval by the members of the body corporate...

Bjorn Laubscher 31 Aug 2020

New online programme in sectional title management to be launched in 2019
New online programme in sectional title management to be launched in 2019Article

The Introductory Programme in Sectional Title Management - a groundbreaking online programme specifically developed for the sectional title industry - will be launched in 2019...

Issued by Enterprises University of Pretoria 12 Sep 2018

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How different regulations affect ST schemes and homeowner's associationsArticle

Marina Constas explains how innovations and special provisions that apply to sectional title apartments and town houses do not necessarily apply to homeowners' associations...

4 Jun 2018

Be cautious when handing over management of an ST scheme to an executive managing agent
Be cautious when handing over management of an ST scheme to an executive managing agentArticle

In the past, if a sectional title scheme appointed a managing agent, the trustees would still have to be actively involved in the decision making and management of the scheme...

Michael Bauer 9 Oct 2017

Is it permissible to let sectional title units via Airbnb?
Is it permissible to let sectional title units via Airbnb?Article

The ombud for community housing schemes seems to have resolved whether it is permissible to let sectional title units via Airbnb in terms of the Sectional Title Schemes Management Act (STSMA)...

9 Oct 2017

STSMA Act: do current rules still apply
STSMA Act: do current rules still applyArticle

Many in sectional title schemes might be wondering whether current rules being used by their schemes remain in force now that the Sectional Title Schemes Management Act has come into effect...

Michael Bauer 4 Apr 2017

Future of property in sectional title sector
Future of property in sectional title sectorArticle

The future of property lies largely in the sectional title sector, says Paul French, commercial director for the Coastal Property Group...

16 Mar 2017

New sectional title regulations leave owners, agents confused
New sectional title regulations leave owners, agents confusedArticle

The Sectional Title Schemes Management Act (STSMA), which came into operation on 7 October 2016, has left many sectional title owners and managing agents confused, according to SAICA...

5 Feb 2017

Why it's a good idea to simplify sectional title meetings
Why it's a good idea to simplify sectional title meetingsArticle

While the new Sectional Title Schemes Management Act (STSMA) repealed several provisions of the Sectional Titles Act of 1986 (STA), the one does not replace the other entirely, explains Mandi Hanekom, operations manager of sectional title finance company Propell...

23 Jan 2017

Expect slowing property price growth in 2017, with a few exceptions
Expect slowing property price growth in 2017, with a few exceptionsArticle

The residential property market has had its ups and downs during 2016 as the economy stagnates, the Reserve Bank started hiking interest rates again and consumers struggle with household debt-to-income...

Bruce Swain 9 Jan 2017

STSMA promotes long-term view with regards to maintenance
STSMA promotes long-term view with regards to maintenanceArticle

The Sectional Title Schemes Management Act (STSMA) promotes a more formalised and long-term view with regards to sectional title maintenance of major capital items...

21 Dec 2016

Steyn City apartments
Deadline looms for sectional title management, rules submissionsArticle

Sectional title sales, as a percentage of South Africa's total home sales, rose from 22% in 2010 to 28.4% in early-2016, and there are no signs of this trend abating...

8 Dec 2016

STSMA: Understanding which rules apply
STSMA: Understanding which rules applyArticle

In reading through changes they have to now make according to the new Sectional Title Schemes Management Act (STSMA), many trustees and members of bodies corporate have been confused as to which prescribed rules apply in their schemes...

17 Nov 2016

Key changes for sectional title trustees to note
Key changes for sectional title trustees to noteArticle

With the Sectional Title Schemes Management Act (STSMA) and Community Services Ombuds Service Act (CSOSA) now in effect, certain changes will have to be made immediately in the management of sectional title schemes, says Michael Bauer, general manager of property management company IHFM...

27 Sep 2016

The Best of Biz 2015: Property
The Best of Biz 2015: PropertyArticle

We've compiled a #BestofBiz 2015 list for all our industries, from articles with the most views, the most-read contributors to the press offices with the most hits.

15 Dec 2015

Implications of proposed Sectional Title Schemes Management Act
Implications of proposed Sectional Title Schemes Management ActArticle

The drafted Sectional Title Schemes Management Act aims to replace certain sections of the existing Sectional Titles Act...

23 Oct 2015

Community Schemes Ombud Service established
Community Schemes Ombud Service establishedArticle

In line with the Community Schemes Ombud Services Act (assented to in June 2011), the Community Schemes Ombud Service (CSOS) has officially been established...

2 Jul 2015

CSOSA might soon be implemented
CSOSA might soon be implementedArticle

It is expected that the Community Scheme Ombud Service Act (CSOSA) will finally be implemented. Themba Mthethwa was recently appointed a the chief ombud of CSOSA.

23 Oct 2014

New sectional title regulations could cause friction - Constas
New sectional title regulations could cause friction - ConstasArticle

Specialist sectional title attorney Marina Constas, a director of BBM Attorneys and co-author of the book, "Demistifying Sectional Title", says recent amendments to the sectional title regulations could cause ructions in sectional title complexes.

7 Jun 2013

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