Our Sectional Title division plays a crucial role in the administration of complexes, managing finances, and ensuring that common areas are well-maintained. We liaise between the board of trustees and the property owners. Our expertise in law and financial management is invaluable in maintaining the integrity of the property and protecting the interests of all the owners. Delegating these tasks to us will ensure you can enjoy peace of mind knowing your investment is professionally managed.
At Alec Massel, we act in the best interest of the sectional title owners and maintain trust and transparency.
At Alec Massel, we effectively manage the financial well-being of the scheme ensuring owners benefit from a well-maintained property.
We adhere to the various legal requirements to ensure compliance ensuring that we operate within the law ensuring the safety and trust of the sectional title owners.
At Alec Massel, we provide detailed statements of income and expenditure, including budgets, actuals, and variances. Ensuring that the body corporate tracks financial performance and is given the tools to manage future expenses.
Why Do We Pay Levies?
Paying your levies is crucial for several reasons
Maintenance and Repairs
Levies fund the upkeep of common areas like pools, gardens, and hallways. This ensures that the property remains in good condition and retains its value.
Utilities and Services
It covers shared utilities such as water, electricity, and waste removal. This helps in managing these costs effectively across all units.
Security
Levy’s contributions are often used towards guards, camera systems, and access control, ensuring the safety of residents.
Insurance
Levies include insurance of the building structure and protection against damages such as fire or a natural disaster.
Management Fees
This pays for the services of property managers who assist in the day-to-day administration of the scheme.
Reserve Fund
A portion of the levies are kept in the reserve fund for future repairs of unexpected expenses.
By paying your levy contributions, you contribute to the well-being of the complex and ensuring a pleasant living environment for all owners.