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
- Compare actual income and expenditure with the approved budget.
- Look for levy arrears, cash-flow pressure, large creditor balances or repeated emergency expenditure.
- Review planned maintenance, insurance valuations and reserve-fund contributions.
- Read minutes for recurring disputes, major building work, security changes and planned special contributions.
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.
