Beware if you are thinking of Special Levies (Contributions) for Maintenance.

March 10, 2017

Prior to the implementation of the Sectional Title Schemes Management Act, 2011 (Act No. 8 of 2011) (“STSMA”), the Body Corporate requirements in respect to provision for maintenance and repair was actually quite loose. In practice, maintenance that required large capital outlays, such as a full redecoration (repainting) were put off until the very latest and even then Special Levies (Contributions) often needed to be raised. The Trustees appointed at the…