Exclusively mine, exclusively yours – what is an exclusive use area?
TVDM Consultants – Zerlinda van der Merwe (Co-Founder & Director) In our consulting department, we are often assisting clients with issues and queries that they have in regard to THEIR garden, balcony, parking etc. But, the question we always ask, is “is it yours?” This may sound strange to an owner of an apartment or […]
What to consider when drafting a Maintenance, Repair and Replacement plan.
What is a MRR plan? According to the Sectional Title Schemes Management Act, each body corporate is required to establish a reserve fund, including a ten-year maintenance, repair, and replacement plan (MRR). A MRR plan’s purpose is to ensure that the body corporate has enough funds to cover the costs of maintaining and repairing the […]
