Scheme-specific reminder
Community-scheme rules can differ. Always check the current rules, approvals and documents for the specific complex or scheme.
What to know
- Request the current management and conduct rules.
- Review recent AGM minutes, budgets, levy statements and audited financial information where available.
- Ask for the 10-year maintenance, repair and replacement plan and the reserve-fund position.
- Look for major planned works, disputes, arrear levies and insurance concerns that may affect future owners.
Important Information
The information in Fabulous Homes Insights is provided for general property education and information. Property, tax, finance, sectional-title, rental, municipal and compliance matters can differ according to individual circumstances, contractual terms, scheme rules, municipal requirements and changes in law. Where necessary, readers should obtain advice from an appropriate attorney, conveyancer, tax practitioner, financial professional, property practitioner, engineer, inspector or other suitably qualified professional.
