Page 77 - Q&A
P. 77

The Directives further state that the Trustees may implement any other measures
            that they deem fit to make sure that residents comply with the Regulations and
            that it is not necessary for the CSOS to approve these measures as far as they
            relate to the Regulations and are fair and of general application to all residents
            and do not prejudice to any person in the scheme.
            A complex aspect relates to the finances of the scheme and the payment of
            levies taking into account the impact of the pandemic on the economy and
            by implication also the finances of the scheme, is the ability of many owners
            to pay their levies due to loss of work, salary cuts etc. What remains vital is
            for owners to pay their monthly levies as a failure to do so will impact on the
            ability of the body corporate to attend to its obligations such as paying the
            insurance of the buildings, paying utility bills (where applicable), paying staff
            or contractors, paying for maintenance etc. This principle does not preclude
            the body corporate from taking measures to lighten the burden for owners
            during this time. The body corporate may for example by way of a resolution by
            its Trustees decide to waive or reduce interest on arrear levies during the lock
            down time. The Trustees could also resolve not to take legal action against an
            owner until for instance the lockdown is lifted. Such concessions can be limited
            to owners who have been up to date with their levies prior to the lockdown but
            fell in arrears during the lockdown.                                Property
            If there are other aspects that you are still unsure about in respect of your
            sectional title scheme, it may be prudent to contact your local property advisor
            and discuss options and guidance on how to deal with each aspect.

































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