Tag: EstateIQ
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Sectional Title Scheme Management: The Various Roles, Responsibilities and Obligations
The Basics of Sectional Title Scheme Management Sectional title scheme management is much like running a small business or community organisation. Success depends on everyone understanding who does what, where responsibilities begin and end, and how decisions flow through the management structure. However, no two schemes are identical. The specific combination of trustees, managing agents,…
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7 Powerful Ways Generative AI in Community Scheme Management is Changing Trusteeship
Generative AI in Community Scheme Management: A New Era for Trustees Community scheme management has always been a balancing act between people, processes, and legislation. Trustees are expected to make sound financial decisions, enforce rules fairly, and keep residents informed — all while navigating complex legal frameworks like the Sectional Titles Schemes Management Act (STSMA)…
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5 Trustee Decision-Making Principles That Build Resilient Communities
Sound Trustee Decision-Making Creates Stronger Communities Effective trustee decision-making, is more than managing budgets or arranging repairs, at it’s heart it creates well-run, harmonious communities where owners feel confident and secure in the scheme’s future. These five principles will help trustees make better decisions — legally sound, transparent, and community-building 1. Trustees and Owners: Shared…
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Honouring Owners’ Rights: 7 Essential Tips for Trustees
Understanding Owners’ Rights in Sectional Title Owners’ rights in sectional title are central to the balance between individual ownership and collective responsibility in a community scheme. Trustees must navigate these rights carefully, ensuring compliance with the law while protecting the interests of the body corporate as a whole. Misunderstanding or neglecting these rights often results…
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6 Essential Insights About the Property Improvement Plan and Reserve Fund
Indtroduction A property improvement plan — formally known as a Maintenance, Repair and Replacement Plan (MRRP) or maintenance reserve plan — is at the heart of every sectional title scheme. Trustees have a legal duty not only to keep the common property in good working order, but also to plan for its upkeep well into…
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Understanding Sectional Title Levies: 5 Key Insights for Trustees
Levies: More Than Just a Number on a Statement If you’ve ever sat in a trustee meeting and heard Sectional Title Levies being discussed, you’ll know it’s the moment when calculators come out, people shuffle in their chairs, and someone inevitably mutters, “Here we go…” Levies may seem like just another line on the budget,…
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Trustee Responsibilities: 4 Critical Duties for Successful Scheme Management
Roles, Rights, and Responsibilities Explained So what is a trustee, and what exactly are trustee responsibilities?Trustees are the decision-makers behind every sectional title scheme’s success. But what exactly is a trustee, and what do they do? Whether you’re newly elected or considering this role, understanding the responsibilities and legal framework is essential for effective and…
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2 Proven Sources of Help for Trustees Managing Sectional Title Schemes
Help For Trustees Is More Important Than Ever Help for trustees is more important than ever, because being a trustee in a sectional title scheme is no small task. You’re expected to make legal decisions, enforce rules, manage complaints, and communicate with owners — all on top of your day job. It’s easy to feel…
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Feel Overwhelmed as a Trustee? Try These 2 Practical Tools Designed by a Trustee for Trustees
Why I created EstateIQ After seven years as a trustee in a sectional title scheme, I needed practical tools to assist me in the role. I know how draining the role can be. It’s not just the late-night messages about burst geysers or noise complaints. It’s the non-stop admin, constant compliance obligations, and the never-ending…