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The units in arrears cannot sell. We have one unit in arrears that is being sold based on the sale paying the outstanding levy to get the sale approved. So hopefully we should get this money soon. Other units in arrears are not selling and just living here for free.
Very simple. Using agents who are snakes. Catching specially those first home buyers.
Yeah free-roaming Karens are bad enough, imagine they think they have some kind of contractual hold over you..
This. I will admit that even though it wasn't a financial problem for me when I bought my first place, I wasn't really aware of all the things I had to do, like registering with the municipality for rates and taxes, water & electricity. When something breaks having to find people to come and fix it (or in my case fixing it myself). All of these things I was mostly insulated from when renting and it seems trivial now but it felt very much like being thrown in at the deep end.
I'm very very happy with the complex that I bought in, but I know for sure that I got lucky. Won't roll the dice again after seeing all the headaches others have to deal with.
To be honest we did already do this. We are mandated by the owners to give Minutes of the trustees meetings to all owners. and obviously we discuss the arrears levies and progress. So everyone is aware of this.
we are currently R739 p/m for 56sqm
My favourite is one managing agent that a work colleague was complaining about, they gave a loan to the complex to be able to still spend the full budget even though they weren't collecting all the levies. So managing agent is making sure they can still spend everything and then they're able to charge interest on the loan too.
the budget for painting should be part of your ten year maintenance plan. Shouldn't be doing special levies for this.
This is an improvement, the budget is for running and maintaining the complex. I think an improvement like this may require a special vote.
Doesn't matter. The partition of a section is always 50/50: external walls, windows, roof, floors. Anywhere where a section adjoins another OR is the external facing part of a complex.
totally disagree. the 50/50 rule is for maintenance where the median must be considered.
Stupid example. This question is around wooden windows that have fallen into disrepair. The repair and maintenance thereof can be deemed 50/50 , it is not an improvement.
but that's exactly the issue, repair, maintain, like for like, so if the wooden frames then need to be replaced for the 50/50, would have be wooden frames replacing.
If the wooden windows were not maintained on the BC side, then the cost is arguably 100% to be covered by the BC. The only time that it would be 50/50 would be if, for example, the BC and owner agree to upgrade windows to aluminum (for well-maintained windows). But we know that it's generally not the case, so if wooden window maintenance was neglected by the BC, then they cannot expect the owner to pay 50%. A fair cost for the owner would then be 0% of the cost of replacement of wooden window, plus 50% of the difference between the cost of replacing the wooden window with aluminium (assuming that aluminium is more expensive).
No, I wouldn't recommend this, Firstly an improvement requires a special vote.
