Tag Archives: Financial

Sectional Title Owners Beware: Your Body Corporate Must Have Adequate Reserves

Recent legislation has been passed which obliges trustees of sectional title schemes to set up a reserve for repairs, maintenance and asset replacement of the common property. This is in addition to the current administration requirement to cover future operating … Continue reading

Posted in Property | Tagged , , | Comments Off on Sectional Title Owners Beware: Your Body Corporate Must Have Adequate Reserves