Apathetic owners within sectional title schemes often do not have a clue about the scheme’s finances. Boldly on the front page of the Roodepoort Record of 24 June 2011 appears the question: “Were trustees grossly remiss?" Some 450 schemes are in a pickle as result of the South Gauteng High Court’s interdict preventing Constantia Sectional Title Management from operating any further. Download Roodepoort Record 24 June 2011 Page 3
Owners annually appoint trustees and entrust the management, administration and control to an elected few. Many owners just don’t bother to attend annual general meeting and appear not to pay much attention to the annual financial audit. Having paid the monthly levy and for all services (e.g. electricity) individually consumed, does not absolve an owner.
The Sectional Titles Act, [Act No. 95 of 1986], has been amended 14 June 2011 by the enactment of the Sectional Titles Schemes Management Act, [No. 8 of 2011], Government Gazette Vol 552 No 34367. Perhaps the owners of the 450 schemes mentioned above would show some interest in how this is impacting on their ownership.
The long expected Community Schemes Ombud Service Act, [No. 9 of 2011], Government Gazette Vol 552 No 34368, further became a reality on 14 June 2011.
CSOS Act: §60. This Act is called the Community Schemes Ombud Service Act, 2011, and comes into operation on a date to be determined by the President by proclamation in the Gazette.