In the following article, we will explain the concept of a property valuation, the various categories of property appraisals available, including market price valuations, replacement cost valuations and sectional title insurance valuations. We will also explain how different property valuations are done and how to obtain a reliable property valuation.

If you are a member of a body corporate in South Africa, you are likely well aware that it’s not just about ownership; it’s about coexisting with your fellow property owners and maintaining the common areas and shared facilities. But who is responsible for keeping sectional title properties in good condition? In this article, we […]

Mirfin’s 10-year maintenance, repair and replacement plan template revolutionises property management for trustees and managing agents by offering a hassle-free, efficient solution to an often complex and time-consuming task. This innovative tool allows users to effortlessly generate a comprehensive 10-year plan in a matter of minutes, without the need for specialised accounting skills. Click here […]

The body corporate is responsible for insuring the common property and built sections to the replacement value thereof. But what about the upgrades that owners make to their individual properties?  The body corporate is NOT responsible for insuring owner-installed unit upgrades, such as: Swimming pools Security features Awnings Carports Lapas  Air-conditioning systems  Luxury interior finishes  […]

Being a trustee of a body corporate is often a thankless task, but also a position that is seldom occupied by someone deemed to be adequately qualified to carry such tremendous responsibility. Trustees have a fiduciary duty to administer the body corporate’s financials on behalf of its members.