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A sectional title development that is financially sound and stable has a good reputation and a unit in such a complex is very popular when reselling.
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Our emphasis, therefore, is on the financial management of the development and it includes the following:
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Proper bookkeeping of accounts utilizing state of the art software and good accounting principals.
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Accounts can be viewed during office hours by any member of the body corporate.
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Obtaining authority from trustees to pay monthly accounts.
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Opening current and savings accounts in the name of the body corporate.
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Managing the assets of the Body Corporate under the direction and instructions from the board of Trustees Collection of Levies, Electricity (if applicable) and other sundry expenditure of the complex.
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Maintain strict credit control of these accounts, paying of salaries, wages, PAYE, UIF, RSC Levies and Workmen's Compensation and other rated expenses.
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Monthly financial reports with budget comparison are issued to ensure adequate management.
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We assist and advise the Board of Trustees on the following:
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Enforcement of House Rules adopted by the Body Corporate
- Procedural matters regarding general meetings, special meetings and, quorums, proxies, resolutions and voting rights.