Glen Smit | Glen Smit
We manage your property as if it is our own! Efficient and effective sectional title management. Call us: 039 682 4639 | E-mail: reception@glensmitpa.co.za
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Author: Glen Smit

This article takes a look at the quorum requirements and voting procedures at annual general meetings (“AGMs”) and special general meetings (“SGMs”), as provided for by the Sectional Titles Schemes Management Act 8 of 2011 (“the STSMA”) and Prescribed Management Rules (“PMRs”). Quorum and representation Before...

The Sectional Title Industry should by now all have had sight of the recent Circular addressed by CSOS to NAMA dealing with the Community Schemes Ombud Service Act (CSOSA), the Sectional Titles Schemes Management Act (STSMA) and the Regulations pursuant thereto. This article summarizes the requirements...

I received the following scenario for consideration: Following a resolution of the trustees of the Body Corporate X they instructed the managing agent to raise a once off special levy of R100 000-00, which is payable immediately. The reason for the special levy is that the City...

The saying "cash is king" is a great truth in business. The opposite is also true - cash can be an easy starting point for dishonest employees to get their fingers in the so-called till. In practice it is often the case that people, who started stealing relatively small...