Good day Landlord,
Obviously a principled and straightforward managing agent like yourself, who knows the Sectional Titles Act and HOA principles, keeps a close look at actions by trustees and directors.
But what of the lazy or incompetent agent who does not take his role as an advisor seriously?
What about the one who really believes that his only job is to pay bills submitted by trustees and never to enquire – never bother – to ask why, why, why? How would the ordinary owners ever really know what was going on?
An article about financial statements in community housing would be of use to trustees, directors and owners alike.
I’d also like to know what the Sectional Title Act says in this regard, as well as its principles, whether stated explicitly or not.
Also, what does the Companies Act state? What does integrated financial statements say?
Read what The Landlord has to say.