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WHERE DOES MY LEVY GO TO AND WHY IS IT SO HIGH? If I received a cent for each time, I was asked these two questions in my tenure of almost 19 years, I would not be here writing this article, but rather be on a beach somewhere in Thailand. ...

ARE YOU GAMBLING when YOU BUY YOUR HOME in SECTIONAL TITLE? Compiled by Shirley Baillie of S Baillie and Associates, author, and publisher of Keyword Access to the Sectional Title Legislation. www.keywordaccess.co.za WHY I ASK THIS? Owners buy into Bodies Corporate (BC) without having the slightest idea of what they...

A reserve fund levy should not be confused with a special levy.  Special levies are normally raised for the funding of a specific project or an unforeseen expense and are normally raised over a certain period and linked to an end date.  Reserve Fund levies do not have an end...