Body Corporate
About the Body Corporate
Lakeview Lifestyle Village is a sectional title development, offering owners a more secure investment opportunity. All owners automatically become members of Lakeview Body Corporate when buying at Lakeview and have a say in the management of the village.
As prescribed by the Sectional Title Act 95 of 1986 (as amended from time to time), Management and Conduct Rules are in place to ensure the smooth running of the village and all owners and prospective owners should acquaint themselves with these rules.
A Board of Trustees, who meet on an ongoing basis, has been appointed to run the affairs of the Body Corporate.
The number of trustees and their appointment is determined at the Annual General Meeting of the Body Corporate, held in August each year.
Levies
Because Lakeview is a facebrick development and much of the common property areas are to be left natural, the maintenance burden at Lakeview has been vastly reduced. Portion of levy contributions go towards the upkeep of the common areas of the Central Complex as the facilities are there for all to enjoy. Levies are based on the PQ (personal quotient) of each dwelling in relation to the overall quotient of the village and are, therefore, not equal amongst units.
A levy stabilisation fund has been established and should ensure that no special levies should ever be necessary to fund larger special projects.
Levy Stabilisation Fund
To ensure that levies are kept to a minimum a levy stabilisation fund has been formed. Should any owner sell a unit 5% (five percent) of their original purchase price must be contributed to this fund at the time of transfer. This amount must be retained by the conveyancing attorney and remitted directly to Lakeview Body Corporate on behalf of the seller.To ensure that levies are kept to a minimum a levy stabilisation fund has been formed. Should any owner sell a unit 5% (five percent) of their original purchase price must be contributed to this fund at the time of transfer. This amount must be retained by the conveyancing attorney and remitted directly to Lakeview Body Corporate on behalf of the seller.
Environmental Management Plan
Lakeview falls in an environmentally sensitive valley and to ensure balance is achieved between residents and nature an environmental management plan has been adopted. This plan calls for as much of the estate as possible to be returned to nature with the planting of indigenous wild grasses on banks and a minimum of 80% indigenous vegetation in other areas. It is the responsibility of all owners to contribute in the creation of an environmentally sustainable development.
Legal
The legal name of the scheme is LAKEVIEW, with a Certificate of Registered Title number T500422007. The sectional title diagram number is SS5802007.
Management
The village is managed in house by Carina Langeveld and her office is in the central complex. Her phone number is 039 976 0669.
To read the whole act, please click here.
Auditors
Steve Brookes CASA
Kaydon Centre
Arbuthnot Street
Scottburgh
Tel: 039 9783920
To view 2014 audited financial statements for Lakeview Body Corporate – Click Here >>
To read the whole Act, follow this link