Zenteq

  One of the most common questions we get asked is “What is the levy for?” or “What is a levy?” Communal living is by far the most popular form of property ownership and is attractive to many first time home owners because of greater security, maintenance and low cost...

As most will know, being highly publicised of late, the Property Practitioners Act, and its Regulations, have been fully promulgated and will become fully operational as from 1 February 2022. So, what changes for you as a managing agent? Firstly and most importantly, yes you are now defined as a...

Very often, levies are raised annually, and interest charged on overdue accounts, without any formal resolution having been passed. In general, we assume that because the vote at the AGM was yes, that is all there is to it. This is a potentially grave error and could have you, as...

Budgeting for any sectional title scheme is incredibly important. The budget sets the tone for the ensuing financial years spend the scheme envisages, and by extension the value each member can expect to receive from the scheme. Budgets are far too often regarded as a merely administrative function, with very...