{"id":521,"date":"2022-06-07T12:05:47","date_gmt":"2022-06-07T12:05:47","guid":{"rendered":"https:\/\/csprok.co.za\/?p=521"},"modified":"2022-06-13T12:22:42","modified_gmt":"2022-06-13T12:22:42","slug":"estate-agents-free-sectional-title-seminar","status":"publish","type":"post","link":"https:\/\/www.csprok.co.za\/af\/estate-agents-free-sectional-title-seminar\/","title":{"rendered":"Estate Agents : Free Sectional Title Seminar"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px||0px||true|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;default&#8221; header_2_font=&#8221;|||on|||||&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<div class=\"gdlr-blog-content\">\n<p style=\"text-align: justify;\"><strong>Book at veritas@csprok.co.za \u2013 free seminar\u00a0on 16 November, 2nd Floor\u00a0Absa Square, Nelspruit. <\/strong>The topic is the new Community Schemes legislation. Whilst some legislation only impacts\u00a0sectional title schemes and contain various new provisions, other legislation applies to all \u201ccommunity schemes\u201d. A community scheme includes any form of ownership where there is a shared use or some form of common property. All golf estates, retirement villages, share block\u00a0companies, or any other form of\u00a0shared ownership is\u00a0covered. Sectional Title schemes are\u00a0obviously included in this general statute. The presenter is Christo Smith.<\/p>\n<p>\u00a0The <em>Sectional Titles Schemes Management Act<\/em> 8 of 2011 and <em>the Community Schemes Ombud Service Act<\/em> 9 of 2011 came into effect on <strong>7<sup>th<\/sup> October 2016<\/strong>.<\/p>\n<p>Trustees, attorneys\u00a0and estate agents must know the critical aspects of the legislation, firstly to ensure compliance and secondly to avoid being held liable for negligence by sellers and purchasers when marketing property.<\/p>\n<p>The most important innovations brought about by these Acts, together with their respective regulations, are the following :<\/p>\n<ul>\n<li>Registration of schemes with the Ombud Service (30 days);<\/li>\n<li>Monthly levies to be paid to the Ombud by every unit (90 days);<\/li>\n<li>Annual returns to be filed by every scheme;<\/li>\n<li>Prescribed management and conduct rules;<\/li>\n<li>Specified amounts to be held in reserve funds;<\/li>\n<li>Audited financial statements;<\/li>\n<li>Maintenance plan drawn and lodged annually;<\/li>\n<li>Dispute resolution procedures;<\/li>\n<li>Voting rights and resolutions;<\/li>\n<li>Duties and liability of managing agents;<\/li>\n<li>Fidelity insurance;<\/li>\n<li>Clearance certificates;<\/li>\n<li>Penalties and interest.<\/li>\n<\/ul>\n<\/div>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Book at veritas@csprok.co.za \u2013 free seminar\u00a0on 16 November, 2nd Floor\u00a0Absa Square, Nelspruit. The topic is the new Community Schemes legislation. Whilst some legislation only impacts\u00a0sectional title schemes and contain various new provisions, other legislation applies to all \u201ccommunity schemes\u201d. A community scheme includes any form of ownership where there is a shared use or some [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":1146,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-521","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Estate Agents : Free Sectional Title Seminar - Christo Smith<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.csprok.co.za\/af\/estate-agents-free-sectional-title-seminar\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Estate Agents : Free Sectional Title Seminar - Christo Smith\" \/>\n<meta property=\"og:description\" content=\"Book at veritas@csprok.co.za \u2013 free seminar\u00a0on 16 November, 2nd Floor\u00a0Absa Square, Nelspruit. The topic is the new Community Schemes legislation. Whilst some legislation only impacts\u00a0sectional title schemes and contain various new provisions, other legislation applies to all \u201ccommunity schemes\u201d. 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