Actions following an insurance valuation
In terms of The Sectional Titles Schemes Management Act 8 of 2011 (STSMA), specifically, Prescribed Management Rule 23.(3), A body corporate must obtain a replacement valuation of all buildings and…
SRV
How managing agents and trustees should deal with the schedule of replacement values
The schedule of replacement values (SRV) is a critical document, which is presented at the annual general meeting (AGM) of the body corporate for the owners to approve. Here, we…
Why insurance valuations are important
[Updated: 11 March 2026] It is compulsory for a sectional title scheme to arrange a professional building valuation at least every three years. This requirement is set out in the…