Legal and Property Advice from the Professionals
This week a reader presents the Property Poser panel with an interesting question about setting up a participation quota system for a commercial property, in this instance a shopping centre. The reader explains that the centre comprises 28 freehold stands, each with a building upon it. According to him, the "memorandum of articles" refers to a levy based on a budget divided by that … [Read more...]
This week, a reader confronts the Property Poser panel with a rather complex issue regarding levy payments in a freehold estate. He owns a property in such a development, which is managed by a homeowners' association (HOA). When the estate was developed, he says, it was decided that there would be 25 separate plots and that the levy would be shared equally among the owners. A few owners, … [Read more...]
This week the panel tackles a reader's question about the calculation of levies and explains how special levies are divided between owners in a sectional title complex. The reader describes her complex as consisting of nine units, all of which are roughly the same size, give or take a few square metres. She would like to know whether this means that all owners should pay approximately the same … [Read more...]
In a reversal of stereotypical roles, a reader "interferes" on behalf of his mother-in-law and interrogates our panel about a belated levy payment. The lady in question lives in a sectional title complex and some time ago had the balcony of her unit enclosed. Now – a full 15 years later – the management company has ruled that an additional levy is payable on this … [Read more...]
A resident of a sectional title complex, who was fined for non-payment of a special levy, has approached our panel for some expert guidance. In June last year, says the reader, all residents were informed of the introduction of the levy, which would be "payable over the next six months". She also reports that the managing agent confirmed the full payment would be due by December 10. It was … [Read more...]
In previous articles, our panel of experts touched on the issue of levies payable by sectional title holders. This week, they deal specifically with the question of special levies. A reader writes that he lives in a block of flats comprising 33 units, which was in need of extensive renovations. After a special meeting, the body corporate gave the go-ahead for the trustees to obtain quotes and … [Read more...]
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