There are several important maintenance requirements arising from the Sectional Title Schemes Management which apply to Sectional Title buildings. The practical objectives are to promote more formalised, long-term and consistent maintenance planning and implementation, backed by commensurate budgeting and financial management.
There are several important maintenance requirements arising from the Sectional Title Schemes.
The practical objectives are to promote more formalised, long-term and consistent maintenance, planning and implementation, backed by commensurate budgeting and financial management. Estate agents will confirm that better-maintained buildings achieve a better first impression and sales price, and that the risk of special levies in poorly maintained buildings has been a disincentive for potential buyers, not to mention a serious concern for existing owners.
This new legislation aims to address these issues, which have a direct bearing on property value creation as well as living standards in the property.
The first important requirement is for a documented 10-year maintenance plan to be prepared and presented at the Annual General Meeting (AGM).
Our custom-made maintenance plan includes all major maintenance items (such as electrical, plumbing glazing, windows and waterproofing) and the cost of repairing, replacing or maintaining these items over a 10-year period is also mapped out.
Buildings with potentially more complex maintenance requirements will require a specialized maintenance plan. We survey the property and compile the necessary 10-year maintenance plan. Our custom-made written plan, presented annually, will facilitate better maintenance planning and implementation. In addition, the plan will assist the Trustees to account to the members at the AGM for maintenance expenditure.
Request a quote on a 10 year maintenance plan for your sectional title property. We will gladly quote you for a 10 year maintenance plan as is required by the Sectional Title Schemes Management Act.
Please provide us with this basic information and one of our consultants will be in touch shortly to discuss your requirements in greater detail.