BODY CORPORATE AND HOA SERVICES

Dominicum Properties is a professional Body Corporate and HOA Manager specialising in the provision of quality services in Gauteng. We are a dynamic and progressive company, committed to providing the very best service:

Administrative

On behalf of the Body Corporate and HOA, Dominicum Properties will:

• Prepare an annual estimate of income and expenditure for submission to the directors of the HOA or Trustees of the Body Corporate for determination of monthly levies and approval;
• Periodically review the Budget;
• Open an account with a Financial Institution in the name of the client;
• Assist the Directors or Trustees on replacement values of improvements for insurance purposes and arrange for valuations when requested to do so by the trustees;
• Arrange for the insurance of buildings and improvements and any other insurance which may be required;
• Assist with the submission of all insurance claims on behalf of the body corporate or HOA;
• Assist and advise the client on the enforcement of the Rules adopted by the HOA or Body Corporate in terms of Section 35 of Act 95 of 1986, as amended, when requested to do so by the client.

Collection

Collect all income due to the client including levies and any other income due from all current and future owners and to on a monthly basis deposit surplus income into an interest bearing account in the name of the client. All interest earned on such account shall accrue to the Body Corporate or HOA;

Verify and pay all accounts due by the client and also to exercise control over the budget, subject to any restrictions imposed or directives given by the Directors or Trustees;

Exercise credit control in respect of all amounts owing by owners to the Body Corporate or HOA. The Managing Agent will in consultation with Trustees determine the required services and design an agreement to suit the needs required.