Resources

FROM OUR BLOG

Understanding levy statements and accuracy in sectional title schemes

In the realm of sectional title schemes in South Africa, accurate levy billing is crucial for maintaining financial transparency and fostering trust among owners. Levy statements, which outline the contributions required from each owner to support the scheme's financial health, can sometimes lead to disputes if they are inaccurate.

23 October 2024 Legal and Advisory, Update

Body corporate legal battle over construction defects

In Swahili, “Asante” means “thank you”, a common and heartfelt way to express gratitude in Swahili-speaking regions. It is appropriate in various contexts, from daily interactions to formal occasions. However, on 20 September 2024, it is unlikely that the Body Corporate of Asante used this expression of gratitude.

2 October 2024 Solar and Efficient

Are solar and battery backup solutions still worth it in community schemes?

In recent years, South Africans have grown accustomed to load shedding, but with significant improvements in the country’s energy supply, many are now wondering whether their investment in solar energy and battery backup solutions is still worth it.

26 September 2024 Funding and Treasury, Legal and Advisory

The annual budget: your roadmap to financial stability

“I wonder which way I ought to go!” - Alice in Wonderland. Unlike Alice’s approach for a body corporate, its trustees, unit owners, and managing agents, managing a sectional title scheme making this type of crucial decision, requires careful financial planning.

26 September 2024 Community, Legal and Advisory

Building stronger communities: handling domestic violence in sectional title schemes

"Good fences make good neighbours." This famous line from Robert Frost's 1914 poem “Mending Walls” highlights the idea that clear boundaries help maintain harmony between people. However, as urban living evolves and people reside in increasingly close quarters, the metaphorical fences of Frost’s time seem to dissolve, exposing residents to new challenges. One of these challenges is dealing with domestic violence within sectional title schemes.

20 September 2024 Solar and Efficient

Understanding solar battery backup systems: a necessity for South Africans

Even though there have been less frequent power outages, the cost of electricity continues to escalate by double-digit percentages!

14 September 2024 Community, Legal and Advisory

Where to go for community scheme disputes: CSOS or court? Pick your battleground

At the second CSOS Indaba held at Bolivia Lodge, Polokwane, STS Chief Legal Officer Fausto Di Palma explored a critical question: Should community scheme members take disputes to CSOS or the courts first?

29 August 2024 Legal and Advisory

What is the difference between an HOA, a body corporate, and a sectional title scheme?

If you’re thinking about buying a property in South Africa, or if you already own one within a community scheme, it’s crucial to understand the different governance structures. Navigating the world of property ownership can be challenging, especially when you’re dealing with community living arrangements. “Homeowners association”, “body corporate”, and “sectional titles” are three terms you’ll often hear thrown around.

29 August 2024 Community, Funding and Treasury, Update

Unlocking new opportunities for clients: A new era in Capital Raising

At BC Funding Solutions (part of the same group as Sectional Title Solutions), we’ve always been committed to supporting community schemes (which include gated estates, sectional title body corporates, and homeowners associations) by providing loans to maintain and enhance their living environments.