Sectional title schemes urged to collect arrear levies eNCA
JOHANNESBURG - Scores of Sectional Title schemes and Home Owners’ Associations around the country are going to be in financial trouble soon if owners don’t start making up the levy payments that were deferred during the hard lockdown imposed earlier this year to impede the spread of the COVID-19 virus.
However, he notes, all these schemes still had bills to pay for security, cleaning, gardening and maintenance services in terms of their annual budgets. Schaefer says there are also five more ways in which managing agents like Trafalgar make arrear levy collections easier for trustees/ directors. These are:
Advising on debt collection via mediation or adjudication at CSOS, which is provided for in the Sectional Title Schemes Management Act and may be preferable where the amount outstanding is not large. It is important to note that CSOS will not take on any matter unless the trustees can show in writing that they have already tried to resolve the dispute in-house. In this regard, a paper trail created by a managing agent can be very helpful.
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