There are two provisions in the STSMA, Regulation 2 and Annexure 1 of the new Prescribed Management Rules. Regulation 2 provides for a reserve fund to be established (purely for maintenance of major ...
Some have thought that the new rules are only applicable to new schemes established after 7 October 2016 (which is when the new Sectional Title Schemes Management Act came into effect), and some have ...
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