The Importance of a 10-Year Maintenance Plan
The Importance of a 10-Year Maintenance Plan Did you know that a 10-year maintenance plan is not just a suggestion—it’s a legal requirement under the Sectional Titles Schemes Management Act (STSMA)? This plan is essential for the long-term sustainability of your...
Tips for Financial Planning in Community Schemes
Tips for Financial Planning in Community Schemes Effective financial planning is crucial for ensuring your Community Scheme remains financially viable and well-maintained. Here are a few key steps to keep your finances on track: Drafting Realistic Budgets – Account...
How to Resolve Disputes in Your Scheme
How to Resolve Disputes in Your Scheme Disputes in Community Schemes are sometimes unavoidable, but they don’t have to escalate into major conflicts. Here’s a guide on how to handle them effectively: Start with Open Communication – Many disputes can be addressed...
How Utility Bill Management Affects Your Scheme’s Budget
How Utility Bill Management Affects Your Scheme’s Budget Utility bills often make up a significant portion of a Sectional Title Scheme’s budget. With proper management, your Scheme can avoid unnecessary costs and ensure financial efficiency. Here’s how we...
Understanding Water-Related Damages and Insurance Coverage
Understanding Water-Related Damages and Insurance Coverage Water-related damages can be a significant concern for property owners. However, not all damages are covered under insurance policies. Below are some common types of water-related damages that are typically...
Understanding Owner Liability for Geysers
Understanding Owner Liability for Geysers Many owners often ask why they are responsible for certain costs, such as excess payments on insurance claims related to geysers. The Sectional Titles Schemes Management Act clarifies these responsibilities. According to...
Understanding Excess Liability in Insurance Claims
Understanding Excess Liability in Insurance Claims Overview of Excess Liability In the context of insurance claims, the term “excess” refers to the amount the claimant is required to pay out of pocket when submitting a claim. It is important for owners to...
Guide to Claim Documents Required for Insurance Claims
Guide to Claim Documents Required for Insurance Claims When filing an insurance claim, it’s essential to provide the necessary documentation to ensure a smooth process. Below is a comprehensive guide to the different claim documents you may need to submit: Claim Form...