SECTIONAL TITLE MANAGEMENT / DEELTITELBESTUUR

The South African Sectional Titles Act makes ownership of a section of a building possible.  Originally its purpose was to provide affordable housing for flat dwellers, who usually could not afford houses, and sections of buildings could not be bought .  In time, the scope of buying sectional title has broadened to the point where it provides for various other needs and has become, in many instances, preferable to owning a house on its own stand - where the owner is solely responsible for security and other issues.  Living in such close proximity does have its challenges and the Sectional Titles Act, Act 95 of 1986, is addressing these issues.  It is a very well researched Act with checks and balances, which prevent misuse of power and domination, while at the same time giving enough power to trustees so that they can effectively manage the scheme.  For someone who knows the Act, it is possible to deal with very difficult managerial, and other, issues.

 

All owners together form the body corporate, who elects trustees at the Annual General Meeting (AGM) to represent them in all aspects, and who manage the buildings and communal property to the benefit of the body corporate as a whole.  In this function the managing agent plays a big role.  Many of the day to day tasks, e.g. the collection of levies, the management of payments, correspondence, etc. are done by the managing agent, while the trustees oversee them in these functions.  The managing agent does not have decision making powers, except where specifically delegated by the trustees, but even so the trustees have the final say.  As the managing agent is the expert with regard to the Act and the Sectional Title landscape, the advice from a good managing agent is priceless.

 

Sectional Title Management is a specialist field where knowledge over a broad spectrum of expertise is required.  A good portfolio manager is a rare find, as life experience in the right fields is very important, as well as a specific temperament.  We carefully select and train our portfolio managers to equip them with a good knowledge of the Sectional Titles Act, Act 95 of 1986.  We try to sharpen their skills with regard to problem solving, meeting procedures and minute taking, the reading of Audited Financial Statements and the intricate checks and balances in compiling budgets, where a lot of factors must be taken into consideration. We stress quick reaction to enquiries and our turn-around time is a lot shorter that most of our competitors. 

 

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Die Wet op Deeltitels maak dit moontlik om 'n gedeelte van 'n gebou te mag besit, geregistreer in 'n persoon se eie naam.  Die doel was oorspronklik om dit vir woonstelbewoners moontlik te maak om ook eiendom te besit.  Intussen het die omvang in so 'n mate uitgebrei dat dit nou om verskeie redes uiters gesog is . Die Wet is besonder goed nagevors en het ingeboude gewigte wat aan die eenkant oorheersing en die misbruik van mag beperk, terwyl dit aan die trustees voldoende mag gee om die skema effektief te kan bestuur.

 

Die eienaars vorm gesamentlik die Regspersoon, wat op die Algemene Jaarvergadering (AJV) trustees aanstel om namens hulle die sake van die regspersoon te bestuur.  'n Bekwame bestuursagent is fundamenteel tot die uitvoer van hulle werksaamhede en kan waardevolle advies aan die trustees verskaf.

 

By Jotam doen ons moeite om ons deeltitelbestuurders (deesdae word hulle Portefeuljebestuurders genoem) streng te keur en op te lei in al die fasette wat nodig is om 'n effektiewe diens te kan lewer.

 

 Download a detailed printable document regarding our sectional title services:
English.pdf / Afrikaans.pdf.