Recent reports which point to dishonesty during the financial management of sectional title schemes by managing agencies have resulted in trustees reviewing the agreements in place with their managing agents and insurers as well as their fiduciary roles as trustees.

There are predominantly two different types of cluster developments: sectional title schemes and homeowners associations, and these differ in the way the scheme is run and where the responsibility lies

Body Corporates at sectional title schemes in South have been given some welcome tax relief through the Taxation Laws Amendment Act, which was promulgated by SARS in July of last year