Sectional title ownership comes with the responsibility of maintaining and managing the common property within the scheme. This shared responsibility falls under the purview of the body corporate, an organization elected by the owners to oversee the shared property’s upkeep. This includes preparing a 10-year maintenance, repair and replacement plan to ensure that the property […]

Some community schemes pride themselves in having ultra-low levies, while others struggle to garner the funding to keep themselves afloat. Both situations are undesirable from a financial viewpoint, and there is significant value in keeping a close eye on your sectional title scheme’s admin fund budget and 10-year maintenance plan at all times.