By now, you should be aware that the Sectional Titles Schemes Management Act (“the STSMA”) and the Community Schemes Ombud Service Act (“the CSOSA”) came into operation on 7 October 2016. In our consulting department, we receive many queries from home owners’ associations (“HOA’s”) as to whether the provisions of the STSMA are applicable to…
Choosing a portfolio manager for your scheme can often be a difficult task. Not only do you want to find a manager or management firm that can promptly and effectively deal with any issues that may arise, but you also want their services to be as good and as affordable as possible. To help you…
The owners in community schemes generally make all the important decisions about how the scheme is run. They usually elect the scheme executives, in some types of schemes they approve a budget – meaning they effectively set the inevitable increase in the levy – and they make and change rules. All of these are very…
Introduction to HOA A home owners’ association (HOA) is fundamentally a community scheme in which the association manages a collective of individually owned conventional properties. In almost all HOAs the infrastructure is owned by the association and that includes the erven on which the internal roads are built, the services reticulation systems and the security…
