Do You Have Enough Fidelity Insurance to Cover You in the Event of Loss? Fidelity insurance is essential for protecting your Community Scheme from financial loss due to fraudulent activities or theft by scheme executives, service providers or employees. Here’s why...
Is Your Fire Equipment Service Up to Date? An annual service for your fire equipment is crucial to ensure it’s ready to protect your Community Scheme when needed most. Here’s why staying on top of your fire equipment service is essential: Regulatory Compliance – Stay...
Looking for Effective, Proven Debt Collection Strategies? Levy arrears can severely impact the financial health of your Community Scheme. At ANGOR Property Specialists, we work with a registered debt collector, Debt Management Services (DMS) to recover arrears and...
Struggling to Find Documents for Your Scheme? With ANGOR Online, accessing your Sectional Title Scheme or Homeowners Association documents is easier than ever. Here’s how ANGOR Online makes managing your Scheme’s documents hassle-free: 24/7 Access – Owners can view...
What is the Reserve Fund and Why Does It Matter? A Reserve Fund is a critical financial resource for any Community Scheme, ensuring there’s money set aside to cover the cost of future maintenance and repair of common property. It is specifically for: Major Repairs –...
Why Accurate Meeting Minutes Matter Accurate meeting minutes are more than just a formality—they are an essential legal record that ensures transparency and accountability in your Community Scheme. Here’s why they matter: Legal Record of Decisions Made – Vital for...
The Role of Trustees in Sectional Title Schemes Are you fully aware of your responsibilities as a Trustee in a Sectional Title Scheme? From financial oversight to legal compliance, your role is vital for the smooth running of the Scheme. As a Trustee, your duties...
Private Property, Common Property, and Exclusive-Use Areas – What Scheme Executives (Trustees) Need to Know In a Sectional Title Scheme, managing the balance between private and shared spaces is essential. Scheme Executives (Trustees) must have a clear understanding...
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 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...