This webinar took place on Thursday 19 October 2023.
What you should know before buying into sectional title.
It is a common problem that owners of sectional title units were not informed of the costs, responsibilities, and rules before buying into a scheme. In most cases, this leaves them ill-equipped to deal with the structures involved in regulating and administrative sectional title living.
It would make life so much easier if buyers into a sectional title scheme were better educated. Often, estate agents are blamed for providing no or incorrect information to inexperienced buyers. The buyers’ subsequent illegal or inappropriate conduct becomes a problem for the trustees and owners to deal with.
Our guest this month was Tanya Sakota, named the top RE/MAX agent in Southern Africa for 2021 with nearly two decades of experience in property sales. Marina Constas talked to Tanya about the questions buyers should be asking the agent and what can be expected from estate agents.
Thank you to our sponsors:
WeconnectU offers the most advanced end-to-end body corporate and HOA management solution that addresses all core business processes of professional community management. We help property managers overcome their greatest challenges: Compliance, manageability, scalability, profitability, and empower them to create optimal efficiency and complete transparency. WeconnectU – Transforming the Property Management industry. www.weconnectu.co.za
ZDFin is a specialist finance company providing smart solutions for community schemes. With a wealth of practical experience in property and financial management and an understanding of the challenges, their range of targeted financial products can be tailored to meet the specific needs of your scheme. www.zdfin.co.za
PKF Octagon provides complete audit, accounting, tax and consulting services to meet the specific reporting and financial needs of all residential and commercial bodies corporate and community schemes. We are a proud member of PKF International, a global family of independent firms bound together by a shared commitment to quality and integrity in a complex regulatory environment.www.pkfoctagon.com
Sectional Title Solutions is focused on providing value-add solutions to community schemes nationwide that reduce cost, generate revenue and increase property value. Solutions offered include innovative Funding and Treasury, Efficient Energy, Smart Technology, Legal Advisory and a host of other service solutions. Building sustainable relationships, helping our communities thrive. www.stsolutions.co.za
As one of SA’s largest Community Schemes insurance providers, CIA understands the unique and growing challenges faced by today’s Bodies Corporate, their trustees and managing agents. Our Community Living Insurance Policy has been designed to cover all types of residential, commercial and industrial community and sectional title schemes. www.cia.co.za