Intersect Sectional Title Services (Pty) Ltd

Did you know there are five types of resolutions in sectional title schemes? 1. Trustee Resolutions: Decisions made by the board of trustees. 2. Ordinary Resolutions: General decisions requiring a simple majority. 3. Special Resolutions: Decisions needing a higher majority, often 75%. 4. Unanimous Resolutions: Requires all members to agree. 5. Round Robin Resolutions: Decisions made outside of a meeting, with members voting in writing. Each type plays a crucial role in managing and governing community schemes effectively. #IntersectPropertyManagement #SectionalTitle #BodyCorporate

Payment to trustees requires a special resolution by members and must be included in the administrative budget. Trustees are reimbursed for expenses incurred while performing their duties. This ensures transparency and proper financial management within the body corporate. Contact Intersect if you have any questions: - Phone: 021 659-5965 - Email: infoct@intersect.co.za - Website: www.intersect.co.za #IntersectPropertyManagement #SectionalTitle #BodyCorporate

Body corporate conduct rules prescribe the expected behaviour of residents within a sectional title scheme. Eight prescribed rules apply to both owners and tenants. Breaches of these rules can result in fines, ensuring a harmonious living environment and proper property management. Request a quote today for Intersect to manage your community scheme: https://lnkd.in/dyvAq_ej #IntersectPropertyManagement #SectionalTitle #BodyCorporate

A special levy is an additional contribution by sectional title owners to cover unforeseen or unbudgeted necessary expenses. It is approved by trustee resolution and calculated based on each owner's Participation Quota (PQ). The current owner remains responsible for the levy until the transfer of the unit. Contact Intersect if you have any questions: - Phone: 021 659-5965 - Email: infoct@intersect.co.za - Website: www.intersect.co.za #IntersectPropertyManagement #SectionalTitle #BodyCorporate

Body corporate prescribed management rules outline the procedures for managing and administering sectional title schemes. They cover trustee roles, meetings, procedures, and voting, as well as owner meetings and voting processes. Additionally, these rules guide financial management, administrative duties, and physical maintenance of the property. Request a quote today for Intersect to manage your community scheme: https://lnkd.in/dyvAq_ej #IntersectPropertyManagement #SectionalTitle #BodyCorporate

A proxy grants authority to another person to represent an owner at all general meetings, but not trustee meetings. The proxy holder doesn’t need to be an owner and must accept the nomination. One proxy cannot represent more than two members, and managing agents are not allowed to act as proxies. Visit our website: https://lnkd.in/dKuneeEp #IntersectPropertyManagement #SectionalTitle #BodyCorporate

What is an exclusive use area? An exclusive use area is part of the common property in a sectional title scheme, owned by all members in undivided shares. However, it's designated for the exclusive use of a specific section owner. The owner is responsible for maintaining it, keeping it tidy, and paying a levy to the body corporate. Request a quote today for Intersect to manage your community scheme: https://lnkd.in/dyvAq_ej #IntersectPropertyManagement #SectionalTitle #BodyCorporate

The body corporate has the power to appoint employees and contractors, borrow money (via special resolution), secure repayment, and invest its funds. It is responsible for managing and administering the common property, ensuring the effective maintenance and governance of sectional title schemes for all members. Contact Intersect if you have any questions: - Phone: 021 659-5965 - Email: infoct@intersect.co.za - Website: www.intersect.co.za #IntersectPropertyManagement #SectionalTitle #BodyCorporate

Levies are contributions paid by sectional title owners to cover common property expenses. They are calculated based on the body corporate's approved budget and go toward maintenance costs, operational expenses, and contributions to reserve funds. These levies ensure the upkeep and financial health of the sectional title scheme. Request a quote today for Intersect to manage your community scheme: https://lnkd.in/dyvAq_ej #IntersectPropertyManagement #SectionalTitle #BodyCorporate

What is the purpose of the STSM Act? The Sectional Titles Schemes Management (STSM) Act establishes bodies corporate to manage and regulate common property in sectional title schemes. It ensures the application of scheme rules, creates an advisory council for guidance, and provides a framework for effective administration and management of sectional title properties in South Africa. Visit our website: https://lnkd.in/dKuneeEp #IntersectPropertyManagement #SectionalTitle #BodyCorporate