Do You Know What Your Levy Pays For?
Your monthly levy is essential to the smooth operation and upkeep of your Sectional Title Scheme or Homeowners Association. It covers the collective costs of running and maintaining the Scheme, ensuring that all owners benefit equally.
Here’s what your levy typically pays for:
Maintenance of Common Property
Regular upkeep of shared spaces such as gardens, walkways, driveways, and recreational areas.
Security Services
Costs associated with access control, guarding services, CCTV systems, and other security measures.
Insurance
Building insurance covering the structure and common property, as required by legislation.
Management Fees
The professional Managing Agent’s fee for handling the Scheme’s administration, finances, and compliance with South African laws.
Your levy ensures your Scheme remains well-maintained, compliant, and secure – protecting the value of your investment and the quality of your living environment.
Trust ANGOR Property Specialists to expertly manage your Scheme’s financial and operational needs.