Could he be held liable for paying five percent of the nett profits towards the body corporate when he sells his townhouse? This is what our reader - who says he was only made aware of the existence of an endowment clause to this effect after purchasing the property - would like to know. His unit is currently on the market and our panel of experts advises him on his rights. All sectional … [Read more...]
Search Results for: Body corporate
Changing window frames in a freehold or sectional title complex
A reader, who is considering purchasing one of two potential properties in different complexes, wants to know whether she can replace wooden window frames with lower-maintenance aluminium ones. … [Read more...]
How to manage trustees who disrupt sectional title meetings
A reader wants to know what can be done about the conduct of two trustees in a sectional title scheme embroiled in a personal conflict that is negatively impacting on its administration. … [Read more...]
Determining the levy in a sectional title complex
In the first of two sectional title issues this week, a reader asks what the conditions are which determine a levy amount in a complex. She is paying an amount for her two-bedroom home which is the same as that for a three-bedroom house. It is important to understand how a levy payable in respect of a section is determined. A levy is calculated by determining the participation quota. The … [Read more...]
Calculating the levy in a complex
I would like to know what the conditions are which determine a levy amount in a complex. The levy I am paying for my two-bedroom home is the same as that for a three-bedroom house. Thank you, Determining a Levy Ed's note: In a second but related situation, a reader wants to know if the body corporate can charge him R600 for copies of the financial records of the scheme. See what the … [Read more...]
Withholding payment of levy due to dispute
I am in a dispute with the body corporate in the complex where I own a unit and am withholding payment of my levy until the matter is resolved. The reason for the dispute is somewhat trifling but it is important to me and has become a matter of principle. The body corporate have said they will charge me interest and that I am not allowed to vote on resolutions until the levy is paid. I … [Read more...]
Penalised for withholding levy payments
A reader who is embroiled in a dispute with her body corporate is withholding payment of her levy and wants to know if the organisation can penalise her by charging interest on the money owed and prevent her from voting. … [Read more...]
Sectional title owner can access financial statements
A reader who lives in a sectional title complex wants to know if he has a right to peruse the body corporate's anticipated annual expenditure, as well as the financial statements. … [Read more...]
Owner has right to access scheme’s financial statements
I live in a sectional title complex and would like to know what my rights are to view the body corporate's anticipated annual expenditure, as well as the financial statements. I am an owner in the complex and pay levies to the sectional title scheme. Thank you, Financial Access See what the experts have to say. … [Read more...]
Onus on trustees to collect outstanding levies
Levies in a sectional title scheme are payable in advance and a reader wants to know if the full outstanding levies in a particular financial year can be collected following the continued default of the owner concerned. … [Read more...]
Lease agreement – How landlord should handle breaches
A reader who is renting out his townhouse to a new tenant wants to know how to handle a number of breaches committed by the tenant. … [Read more...]
Terminating lease due to neighbour’s noisy building plans
Noise created by construction to be undertaken by a neighbour will cause disruption and a reader wants to know if he can prematurely terminate his lease or receive a reduction in rental. … [Read more...]
Missed AGM a concern for sectional title owner
After a gap of almost two years, the body corporate of a residential property scheme have called an annual meeting that, a reader feels, could have negative financial consequences for the owners. … [Read more...]
Securing an exclusive use area in a sectional title complex
A reader in a fairly small sectional title scheme is interested in obtaining an area of the property for his exclusive use, but wants to do so within the law so there are no comebacks. … [Read more...]
Sectional title owner not entitled to reserve fund refund
A reader has put his sectional title unit up for sale, but wants to ascertain the financial status of the complex and whether he is entitled to any refund from the portion he has paid to the reserve fund. … [Read more...]
Can I be refunded my portion of the reserve fund?
I'm the owner of a sectional title unit, but have not seen any financial report from the body corporate. I am selling my unit and would like to know how to find out about the financial status of the scheme. Secondly, I have contributed to the scheme's reserve fund and would like to check if I can be refunded the portion I have paid. Thank you, Refund Researcher See what the experts … [Read more...]
Owner’s right to sectional title scheme’s financial information
A reader who owns a unit in a sectional title scheme wants to know what his rights are in accessing admin and financial information pertaining to the complex's rates and taxes payments. … [Read more...]
Owner wants access to scheme’s financial information
As an owner of a unit in a sectional title scheme I would like to know what information I can access that shows a breakdown of the rates and levies charged on our property. The body corporate has advised me to contact the managing agent. Can you advise me of my rights about requesting the financial information required? Thank you, Money Matters See what the experts have to say. … [Read more...]
