He advises Mervyn to create a platform in which to discuss the matter with fellow owners and to get owners to vote by resolution. “An owner cannot merely convene a meeting of owners on his own, and the trustees will presumably be quite reluctant to agree to the meeting when they realise its purpose,” says Warmback. The only way to get rid of a trustee, in between Annual General Meetings, is to call a general meeting of members of the body corporate and obtain a majority vote in favour of such removal.
“The mechanics of meetings, quorums and voting is a bigger challenge than in a much smaller body corporate with much fewer members,” says Warmback. Removing trustees can be toughĭavid Warmback of Shepstone & Wylie Attorneys says that while there are procedures that one can follow under the Sectional Titles Act to remove trustees, this can be practically difficult to implement with larger developments. They have now become untouchable and are continually being voted in through proxies from their friends and associates and have been since 2010,” says Mervyn, who adds that under their stewardship, levies have mounted to approximately R4,000 per month and special levies have been implemented since 2010, the latest being for the replacement of the lifts in the building. “The main culprits are businessmen with their own modus operandi and agenda who are corrupt and are intimidating owners with litigation using body corporate funds. Mervyn wrote to me to complain that the trustees of his sectional title development do not implement processes and procedures according to the Sectional Titles Act. “I see frequently the developer retaining some units for his own investment, making him the king-pin,” says Botha. Although there are provisions contained in the Sectional Titles Act which deal with the conduct of trustees, a powerful group can become untouchable.ĭeon Botha of Rentmaster which deals with managing credit and legal risk for residential property investors, says structures can get hijacked by a small group of insiders who manipulate it according to their own agenda and stonewall owners.
These trustees set the levies and determine the conduct rules by which everyone has to live, which makes them fairly powerful. What many new homeowners don’t realise is that when they buy into a sectional title scheme such as a flat, townhouse or cluster development, they are obliged to live by a set of rules and voting decisions by the majority of owners or members moreover, they are obliged to comply with decisions taken by the trustees of the body corporate who represent all owners.
The perfect home comes up in a sectional title development and you’re ready to make an offer – but your homework is not yet complete. You’re ready to buy your first home, you’ve saved up the deposit, got financing approval and done your homework on the area where you want to live. Owner of RENTMASTER LIMITED are Paul Dennis Hassall, Roy Victor Dunnett, Colin David Needs, John Christopher James Hogan, Andrew Patrick Morley, Christopher Charles Shirtcliffe, David Barlow, Patrick David Howes, Richard Charles Casling, Brian Clifford Finch, Lee Douglas, Trevor Leslie Dighton, Timothy Forman, David Bertram Barlow, Philip Leslie West, Diane Nixon, Nicholas Charles Norton, Charlotte Claire Barlow, Colin Preston Paul Bloom, Michael Joseph Wilkinson, Paul Robert Jacques, Colin Walton, Nigel Peter Russell, Ian Trevor Peck, Thomas Glyn Davies, Diane Nixon, Alan Ronald Hines, Anne Patricia Munson, Ronald Davies, Jay Lee Edwards, Roy Alfred Sciortino, and Jarlath Partrick Skelly.Buying into a sectional title scheme requires more than understanding just your own finances. More tax related information about this company is available here. Rentmaster Limited is 41 year(s), 9 month(s) and 0 day(s) old, and the last Annual Return was filed on 10-April, 2016.
Rentmaster Limited is currently Active, and its full contact address is available here. It was incorporated on 21-April, 1980 at the Registrar of Companies. Rentmaster Limited is a Private Limited Company registered in STAFFORDSHIRE.