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Market & Opinion
The ins and outs of a 10-year maintenance plan
10 Jun 2021
It has been almost five years since the Sectional Title Schemes Management Act (STSMA) came into effect, and most schemes now seem to be complying with one of the biggest changes it introduced, which was the requirement for every Sectional Title scheme to have a Reserve Fund – and to keep building up this fund in accordance with a contribution formula also contained in the Act.
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