January 2017

Recent legislation has been passed which obliges trustees of sectional title schemes to set up a reserve for repairs, maintenance and asset replacement of the common property. This is in addition to the current administration requirement to cover future operating expenses. If you are involved with bodies corporate you need to pause and consider this […]

“She just did not want to be liable if he defaulted, a common regret felt by those who stand surety for defaulting debtors” . In the beginning ….. You are totally relaxed.  The bank won’t give your son/daughter/spouse/partner/company/friend a loan unless you sign surety and, as always, it seems perfectly safe at the time. So