NEWS

Preparing your complex for the summer season

If you live in a residential complex, summer brings specific maintenance, safety, and community management tasks that should be addressed early. Complexes (sectional title schemes or estates) often have shared responsibilities, so preparation should be both communal and individual. Here are a few points to double check if everything is in order: Clean gutters and stormwater drain regularly - b

The Debt Collectors Act – What It Covers

Posted on 17/10/2025 10:49:59

This week, we explain the Debt Collectors Act – the rules that ensure debt collection is done professionally and fairly. This Act protects your rights and holds debt collectors accountable. The Debt Collectors Act, Act 114 of 1998, was established to ensure order, fairness, and professionalism in the debt collection industry. It protects both the creditor (the person or company owed money)

The Importance of Financial Statements in Sectional Title Management

Posted on 29/09/2025 11:22:50

In the past, when the Sectional Titles Act of 1986 rules and regulations were in force, it was only those sectional title schemes with ten units or more that had to have their schemes audited. If there were fewer than ten units, the financial statements could be signed off by an auditor or accounting officer, and the choice was left to the body corporate as to which to employ. Now that the new

What happens if Sectional Title Schemes do not follow the rules?

Posted on 19/09/2025 16:19:55

Running a sectional title scheme is not just about keeping the garden tidy or fixing the gate motor – it is about managing people’s homes and investments. That is why the law (specifically the Sectional Titles Schemes Management Act) sets out clear rules for things like auditing the financials and holding the Annual General Meeting (AGM). And when those rules are not followed? Well, th

What is GAP cover and how can I benefit from it?

Posted on 05/09/2025 17:24:57

Gap cover, in the context of insurance, refers to a type of coverage that bridges the gap between the actual cash value (ACV) of an asset (usually a vehicle) and the amount still owed on the loan or lease. Gap cover can provide valuable protection against financial losses, especially for individuals with high-value loans or leases. Benefits of Gap Cover 1. Avoid Financial Loss: Gap cover helps

How Debt Collection Works – A Simple Explanation

Posted on 22/08/2025 12:24:29

Do you want to understand how debt collection works step by step? This week we share a simple explanation of the process, from the first reminder to possible legal action, and how payment arrangements can help you. Debt collection happens when a person or business does not pay on time. Here are the steps: Reminder – Friendly request to pay Demand letter – Final notice before fur

National Real Estate Proudly Represents Free State in NAMA and Engages on New CSOS Directive

Posted on 15/08/2025 17:38:32

National Real Estate has been a proud member of the National Association of Managing Agents (NAMA) for many years and is honoured to be represented as a Director for the Free State region. Previous directors include George Muller and Flippie Olivier, with our current representative being Eugene Roelofse. NAMA works closely with the Community Schemes Ombud Service (CSOS) to share the perspective

Having the correct insurance cover in place is crucial for several reasons:

Posted on 08/08/2025 15:36:54

Having the correct insurance cover in place can provide financial protection, peace of mind, and compliance with legal and contractual requirements.   Financial Protection 1. Avoid Financial Loss: Insurance helps protect against financial losses due to unforeseen events, such as accidents, natural disasters, or theft. 2. Reduce Financial Stress: Adequate insurance coverage can reduce fina

Rental Market 2025

Posted on 01/08/2025 15:49:45

Good news for homeowners in South Africa: the average rental has increased substantially over the last few years. Homeowners can now begin to recover from the lower and even negative returns experienced following the pandemic. Rental growth for this quarter reached slightly more than 5% nationwide. The residential rental market is healthy across all provinces and continues to show strong tenant d