We need your feedback! Would you be interested in an Executive Managing Agent service to be offered by The Advisory?

By Auren Freitas dos Santos

Are you looking for expert management for your sectional title scheme? The Advisory is known for its expertise in community schemes law and renowned for legal advice and our UCT short courses.  We are considering introducing a new service offering – Executive Managing Agents (EMAs) and we need your feedback. We’re eager to potentially offer this service alongside our existing suite of services and would like to understand if it aligns with your sectional title scheme’s needs and expectations before we take the leap into this service offering.

In line with prescribed management rule 28, The Advisory is considering extending our expertise to act as an Executive Managing Agent (EMA), offering tailored solutions for sectional title scheme governance and management.

What would we be able to offer as an EMA?

1. Unrivalled Legal Knowledge: As leaders in community schemes law, our firm would be able to bring unparalleled expertise directly to your scheme. You would be able benefit from our specialised knowledge and experience in navigating the complexities of sectional title scheme governance.
2. Addressing Trustee Shortages: Finding willing trustees is increasingly challenging. With The Advisory serving as your EMA, your scheme would be able to eliminate the need for trustees, ensuring continuous, professional management without the burden of trustee recruitment.
3. Ensuring Compliance: Many schemes aren’t administered according to the Sectional Titles Schemes Management Act or the prescribed rules. The Advisory’s expertise would guarantee compliance, which will ensure that your scheme operates within the bounds of the law and regulations.
4. Transparency and Accountability: As your EMA, The Advisory would strive to uphold a level of transparency and accountability. We will aim to report regularly to members and adhere to all duties and obligations stipulated under the law.
5. Efficient Maintenance and Oversight: Our team would aim to conduct bi-annual inspections to identify and resolve maintenance issues promptly, safeguarding the value and functionality of the common property.
6. Financial Oversight and Reporting: Detailed financial reports management, including fund balances and expenses, would be prepared every four months to empower informed decision-making and strategic financial planning for your scheme.
7. Upfront and Transparent Fees: To assist schemes in easy budgeting, we would offer upfront and transparent fee structures. This will ensure clarity and predictability in financial planning for our service, facilitating smoother management of sectional title schemes.
8. Seamless Transition and Consistency: We understand the importance of maintaining the existing structure and operations within your sectional title scheme. Therefore, we would collaborate closely with your scheme’s current managing agent, who will continue their regular duties, while we, as EMAs, would specifically fulfil the role of trustees. This approach should ensure that day-to-day functions remain uninterrupted, providing stability and reliability in the scheme’s management.  Our collaboration model should guarantee that the managing agent, who is familiar with the scheme’s intricacies, continues their essential tasks, while we enhance governance of your scheme. This fusion of roles would ensures that your scheme benefits from our specialised expertise in sectional title scheme governance without disrupting the established operational flow.

At The Advisory, our commitment is to redefine sectional title scheme management. With our extended service as Executive Managing Agents, our primary objective would be to streamline and professionalise management practices, easing the challenges posed by trustee shortages.

Your insights matter! Would you be interested in The Advisory serving as your EMA? How do you envision this service adding value to your sectional title scheme? Your input will guide us in deciding on whether or not to offer this service and to tailor this service to best meet your needs.

To express your interest or provide feedback, please fill in this form or contact us at info@theadvisory.co.za.

Specialist Community Scheme Attorney (LLB, LLM), Auren Freitas dos Santos, is a Director of The Advisory, a boutique consultancy specialising exclusively in community schemes law.