Most people know about body corporates but fail to understand its functions. A body corporate is an entity established within the Complex, Flat or Estate to ensure that the Administrative, Financial and Ancillary issues of the Property is maintained and taken care of. An Automatic right attaches to owners making them members of the body corporate. The body corporate will then appoint Trustees of the Property to ensure its day to day running.
As a Sectional Title Owner you have a responsibility to take care of your portion of the Property and pay your levies on time. The subsequent question that follows is what is a levy and am I entitled to pay? All Home owners in the Sectional Title have an Obligation to pay its Levies to ensure that the Trustees or an appointed Managing Agent have enough finances for the expenses and maintenance of the Common property. Remember expenses from the levies may not only be current but can be for future expenses as well example upgrade of security feautures.
Consult us about: Owners Rights Against Body Corporate
