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Directory Layoout
Directory Layoout » Sectional Title
Results 1 - 10 of 41
Sectional Title/Sectional Title
Author:Louwrens Koen
The body must hold an Annual General Meeting (AGM) within four months of the end of the body corporate's financial year. According to management rule 56, the agenda for the AGM must include at least the following: •    The...
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Sectional Title/Sectional Title
Author:Louwrens Koen
 Trustees are elected by the body corporate at its first meeting and at every subsequent AGM. The rules prescribe a minimum of two trustees, but do not prescribe a maximum number. Bodies corporate should avoid the temptation to appoint too...
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Sectional Title/Sectional Title
Author:Louwrens Koen
Most sectional owners believe that a managing agent's function is to send out statements and collect levies. Without doubt, this is a major and highly visible part of the agent's responsibilities, but a competent agent will do a lot more for the...
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Sectional Title/Sectional Title
Author:Louwrens Koen
Every owner is entitled to attend every general meeting of the body corporate, and should make every effort to attend and participate. An owner who is not able to attend a particular meeting should give his or her proxy to a third party. A proxy...
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Sectional Title/Sectional Title
Author:Louwrens Koen
Rule 32 requires the trustees to keep a complete and up to date set of all the rules and make these available to any owner, occupant, prospective purchaser, bondholder and managing agent and may charge a reasonable amount to anyone who wants a...
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Sectional Title/Sectional Title
Author:Louwrens Koen
In terms of section 36 of the Act, the body corporate is established at the time that the first unit is transferred from the developer into the name of its new owner. Within 60 days of establishment, the developer is obliged to convene a meeting...
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Sectional Title/Sectional Title
Author:Louwrens Koen
Subject to local authority town planning regulations, building restrictions and common law, owners of freehold title properties are free to manage their properties as they please. A sectional title owner however, is governed by a number of...
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Sectional Title/Sectional Title
Author:Louwrens Koen
Before every AGM the trustees, assisted by the managing agent, must prepare an estimate of expected expenses that will be incurred by the body corporate in running the scheme during the ensuing year. Included in this estimate are costs of: ...
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Sectional Title/Sectional Title
Author:Louwrens Koen
The first meeting of a new body corporate is held under the chairmanship of the developer. At every subsequent meeting the chairman of trustees will preside as chairman unless the members present resolve that an owner should act as chairman. If...
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Sectional Title/Sectional Title
Author:Louwrens Koen
 A number of owners of sectional title units have asked me whether they are entitled to withhold the payment of levies if they are dissatisfied with the manner in which the trustees appointed by the body corporate are managing the scheme or...
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