Trafalgar News

The pitfalls of poor management on your property

When a sectional title scheme is mismanaged it has widespread repercussions, typically manifesting as cash flow difficulties with levy income not meeting expenses, high levy arrears, outstanding maintenance, municipal service interruptions and rapidly declining property values. Examples of major implications arising from property mismanagement are: • The buildings can become run down and unsightly – even

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End of Transition Period for compliance with new Companies Act

The new Companies Act came into force on 1 May 2011. All of the new Act’s provisions to do with directors’ duties, conduct and liability, members’ rights to receive notice or have access to information, directors’ and members’ meetings and the adoption of resolutions automatically applied from that date. Any other provisions of the company’s

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