In terms of the Sectional Titles Schemes Management Act, 2011, its regulations and prescribed rules, which all came into effect in October 2016, all sectional title schemes are obliged to prepare a ten year Maintenance, Repair and Replacement Plan for all their major capital items and to build up Reserve Funds that cover the cost of accruing expenses in regard to these items.
This practical two-day workshop deals with all the aspects of the law applicable to sectional title Maintenance, Repair and Replacement Plans and Reserve funds and is designed to prepare students to deal with the planning, financial and investment activities required.
