The management of scheme finances forms the backbone of a financially sound scheme. Trustees are required to manage the scheme's affairs, including its finances. The scheme members must understand how the finances are managed and what they are responsible for when they pay their levies.
This training session examines how levies are calculated, the impact of participation quotas (PQ), and the differences between section levies, exclusive use levies and maintenance reserve levies. We further consider the effects of PQs when special levies are imposed and alternative financing options for schemes needing funds.
This training session took place on Tuesday 26 September 2023.
The webinar is presented by Leigh Maingard, CEO of Intersect Sectional Title Services. Training is free and exclusive to Intersect clients.