ELWIN ELS   We review two July notices that came through independently but conveyed the same message.  Two separate notices landed this month with the same message: trust accounts are not transactional accounts. The PPRA and FNB’s 3PIM desk have both flagged debit orders, stop orders and subscriptions being run against trust accounts — here […]

ELWIN ELS     What the Willow Waters SCA judgment tells owners, HOAs and bodies corporate about beating a mortgage bond to the proceeds of a sale. Most owners assume a registered mortgage bond is untouchable — the bank lent the money, the bond is registered, and when things go wrong the bank gets paid […]

ELWIN ELS     A plain-English guide to the role of trustees under the Sectional Titles Schemes Management Act. If you live in a sectional title scheme, you have almost certainly heard the word “trustee” thrown around — usually just before an announcement about a special levy or a new pool rule. But few owners […]

ELWIN ELS     Five years, 232 community schemes, nearly 13,000 units and we are just getting started. About ZenTeq ZenTeq is a specialist community scheme administrative and operational support business based in South Africa. Founded in 2021, ZenTeq currently manages 232 community schemes comprising 12,936 residential and commercial units as well as multiple city […]

ELWIN ELS   Property management has entered a new era — and the industry can no longer afford amateurs. The Property Practitioners Regulatory Authority (PPRA) has significantly raised the bar. Between the 2022 Property Practitioners Act and the strict Compliance demanded by the Sectional Titles Schemes Management Act and the CSOS Ombud, “winging it” is […]