With Urbanpace, you get full cover on your Body Corporate funds. We also keep the necessary funds for the day-to-day running of the complex.
You have the option to transfer any excess funds into an investment account, exclusively controlled by the trustees. That’s why we provide 24/7 viewer access to your Body Corporate bank account via Internet banking.
We are fully licensed with the Estate Agency Affairs Board and the Debt Collecting Council of South Africa. This means you are covered for, in the event of any fraudulent activity perpetuated by your Managing Agent or by any of the Managing Agent’s staff.
Three separate audits are performed every year in compliance with Estate Agency Affairs Board and Debt Collecting Council. Trust funds are kept in segregated bank accounts and are audited separately each year.
- Organization of meetings with trustees and between trustees & owners
- Providing the necessary documentation prior to any meetings
- Enforce the conduct rules on the instructions of the trustees
- Finding the better insurance in compliance with your expectations
- Monthly production of financial statements
- Transfer of surplus amount from the trust account to an investment account where possible
- Provision of completed and up to date books of account for annual audit
- Preparation of annual budget and monitoring compliance therewith
- Reconciling accounts rendered by creditors and effecting settlement thereof
- Invoicing owners for levies
- Reconciliation of accounts
- Enforce legal rights to collect levies and carry out any procedure, to assume function of managing levies remissions
- Regular submission of properties inspections’ and repairs
- Employment of qualified tradesmen for normal repairs and maintenance
- Attending by e-mail and phone to owner’s correspondence
- In charge of all points linked to the payment of the employee maintenance
- Drafting of employment contracts and all others documents relating to them
- Training sessions on the sectional title act
- Explanation of the responsibilities and duties of trustees