Navigating Developer Handovers: What Trustees and Owners Need to Know
Navigating Developer Handovers: What Trustees and Owners Need to Know The transition from developer to trustee control is a key milestone in any new Scheme – and getting it right is critical to long-term success. Here’s what to keep in mind: Understand the...
Accurate Insurance Coverage: Why Performing a Replacement Valuation Every Three Years is Critical
Accurate Insurance Coverage: Why Performing a Replacement Valuation Every Three Years is Critical Insurance plays a vital role in protecting your Scheme. Without regular replacement valuations, the risk of underinsurance increases — especially as building costs rise....
New Owners Purchase Into Both the Assets and Liabilities of a Scheme
New Owners Purchase Into Both the Assets and Liabilities of a Scheme When purchasing in a Sectional Title Scheme, buyers take on more than just a home – they also become financially responsible for the shared obligations of the Scheme. Here’s what every buyer...
Tips for Building a Positive Community Culture in Your Complex
Tips for Building a Positive Community Culture in Your Complex A complex isn’t just a place to live – it’s a community. A positive culture creates a safer, friendlier, and more cooperative environment for everyone. Here’s how to build that culture:...
How Good Governance Improves Property Values in Estates
How Good Governance Improves Property Values in Estates Governance isn’t just paperwork — it’s a critical factor in maintaining and increasing the value of properties in a Scheme or Estate. Here’s how good governance pays off: Efficient Operations – When Scheme...
What an Annual Budget Tells You About the Health of Your Scheme
What an Annual Budget Tells You About the Health of Your Scheme An Annual Budget isn’t just numbers — it’s a window into the financial health of your Scheme. Here’s what a well-prepared budget reveals: Operational Coverage: Does the administrative budget account for...
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. 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...