What you should know...
Whether you are a Chairperson, a Trustee, an Owner or an Investor, WatchProp offers individual attention and exclusive solutions to ensure that your investment is well managed and property values are maximized.
One does not need qualifications to become a managing agent. However, if you appoint a managing agent who is a registered estate agent in terms of the Estate Agency Affairs Board, you would be protected by the fidelity fund, if the managing agent misappropriates body corporate funds from his/her trust account.
Ideally, the managing agent that you choose would possess the following:
A good understanding of the Sectional Title Act, Financial capabilities and administrative skills, Accounting systems that will suite your bodies corporate particular needs, The correct infrastructure, Fidelity Fund Certificate, A good reputation in the industry and a proven record, member of Nama.
