Special Levies: When and Why They’re Raised

Special Levies: When and Why They’re Raised

Special Levies: When and Why They’re Raised. Ever been hit with a Special Levy and wondered why? Special Levies are once-off charges raised outside of the usual budget — and they serve a specific purpose. Here’s when they’re typically needed: Emergency Repairs – When...
Why Compliance Isn’t Optional in Sectional Title Living

Why Compliance Isn’t Optional in Sectional Title Living

Why Compliance Isn’t Optional in Sectional Title Living. Living in a Sectional Title Scheme means there are legal and governance structures to follow – and compliance isn’t optional. Here’s why it matters: Legal Requirements – The Sectional Titles Schemes...
A Simple Guide for Newly Elected Trustees

A Simple Guide for Newly Elected Trustees

Trustee Duties 101 – A Simple Guide for Newly Elected Trustees Elected as a Trustee in your Sectional Title Scheme? Here’s a simplified guide to help you get started: Key Responsibilities: – Manage the finances and maintenance of the Scheme. – Enforce the...
The Importance of Inspecting a Scheme’s Financials before buying

The Importance of Inspecting a Scheme’s Financials before buying

Why It’s Important to Inspect the Scheme’s Financials Before Purchasing Buying into a Sectional Title Scheme? Make sure you’re not just looking at the property — take a close look at the Scheme’s financials too. Here’s why: Hidden Risks – A beautiful property...
Bond Costs Explained

Bond Costs Explained

Understanding Bond Costs: What to Expect When Applying for Your Loan Applying for a bond can seem overwhelming, but knowing what costs to expect can help you navigate the process more smoothly. Here’s a breakdown of the key bond costs: Initiation Fee – A once-off fee...
Benefits of Individual Water Meters

Benefits of Individual Water Meters

Why Individual Water Meters Make Sense in Sectional Title Schemes Did you know that installing individual water meters in your Sectional Title Scheme can benefit both the Body Corporate and owners? Here’s why more schemes are making the switch: Fair Billing – Pay for...
Do You Know What Your Levy Pays For?

Do You Know What Your Levy Pays For?

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...
Do You Know the True Costs of Owning a Property?

Do You Know the True Costs of Owning a Property?

Do You Know the True Costs of Owning a Property? Owning property is a significant investment – but beyond your bond repayments, there are several ongoing costs every owner should be aware of, especially within a Community Scheme: 1. Bond Repayment for your home...