As a unit owner, may I claim from the body corporate’s insurance? Sectional title legislation contains a couple of head-scratchers and the subject matter of this article is a prime example of one. Let’s look into this question in a bit more detail: We know that, as...
Know your rights and responsibilities when buying into a residential community It’s often the lifestyle – portrayed through beautiful photographs and a little advertising poetry – that gets potential buyers excited about the prospect of fishing, golf or...
Market value vs Replacement cost – and why you need to know the difference Many property owners make the mistake of basing their property’s insurance value on its estimated market value because they confuse the two values. In doing so, their property may be over...
Unexpected costs when buying a property: Essential expenses to budget for Did you know there are fees associated with settling and registering you bond? Make sure you’re aware of all the unexpected costs, whether buying or selling your home. While the bulk of the cost...
Four things you should know about the POPI Act The Protection of Personal Information Act (more commonly known as POPI Act) came into operation on 1 July 2020. A grace period of 1 year has been granted to all organisations to ensure compliance with the POPI Act, and...
Sectional title levies – What am I paying for? One of the primary complaints received from owners in sectional title schemes around the country is, “My levies are too high, what can I do?” In order to understand why levies can be considered “too high”, we first need...
Renovation pitfalls | 5 ways to save yourself a lot of stress Looking to do a small home renovation that adds value to your home? If you’re good at DIY, there are certain jobs you can do yourself – but with most renovation projects it pays to get the best...
Why COVID-19 is not an excuse to delay an Annual General Meeting The global death toll from the coronavirus soared past the two million mark on Friday, 15 January 2021, just over a year after the virus was first detected. It is no surprise, therefore, that this...
How to approve and insure additional water heating systems on common property Using solar geysers or panels to heat water is becoming more and more common in community schemes, as up to 50% of household electricity costs can be consumed by heating water. In addition,...
How to open an account and who is responsible for paying the rates and taxes account As the owner of a newly registered property, you will be required to pay Rates & Taxes directly to the local municipality. ANGOR, the Managing Agent does not make monthly payments...
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