81. Estate Agent Mandates Explained

Sole Mandate Giving an estate agent a sole mandate to market your property, means that you cannot confer a similar mandate on another estate agent before the expiry of a determined period. If another estate agent sells or lets your property during...

Monday, 09 February 2009 | 456 hits | Print | PDF |  E-mail | Report | Read more

82. Tips for Sectional Title Owners

  Show the same sort of consideration for your neighbours, as you would like them to show you.  Expect to play your part in running the Scheme - be a responsible and active member of the Body Corporate  Control loud noises and...

Wednesday, 18 March 2009 | 367 hits | Print | PDF |  E-mail | Report | Read more

83. Sectional Tittle Explained

Every owner owns at least one section within the scheme, along with an undivided share in the common property. The owner's flat or townhouse is a section or part of a section. Garages and storerooms may be separate sections or parts of the...

Wednesday, 18 March 2009 | 272 hits | Print | PDF |  E-mail | Report | Read more

84. Body Corporate Establishment

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...

Wednesday, 18 March 2009 | 529 hits | Print | PDF |  E-mail | Report | Read more

85. What must happen at the first meeting of the Body Corporate?

Section 36(7) of the Act states that within 60 days of establishment, the developer is obliged to convene a meeting of the new body corporate. The agenda for this meeting, of which at least seven days notice must be given, is prescribed by...

Wednesday, 18 March 2009 | 433 hits | Print | PDF |  E-mail | Report | Read more

86. Duties and Responsibilities of the Body Corporate

Sections 37 & 38 of the Sectional Titles Act define the functions and powers of the body corporate, which include: •     The establishment of a fund to cover all repair and maintenance costs, rates and taxes, insurance...

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87. Apointment and Duties of Trustees

 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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88. Duties and responsibilities of Sectional Title Owners

The Sectional Titles Act is not intended to impose onerous and restrictive conditions on owners and it is not necessary to so do. Most owners respect the wishes and privacy of others, keep their sections and exclusive use areas in good condition...

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89. Annual General Meeting

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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90. Notice of Anual General Meeting

Management rule 54 requires at least fourteen days notice to be given of an annual general meeting of the body corporate unless everybody who is entitled to attend agrees to a shorter notice period. If a special or unanimous resolution is to...

Wednesday, 18 March 2009 | 263 hits | Print | PDF |  E-mail | Report | Read more