Services and expertise to assist the Trustees & Directors

DMS manage and control the arrears, releasing the Trustees and Directors of this burden

DMS Debt Management - About Us

DMS was established in 1998, when the need arose from various Bodies Corporate and Homeowners Associations, managed by ANGOR Property Specialists (Pty) Ltd, to collect on their outstanding levies.

The aim of DMS is to manage any arrears that may occur from time to time on your Body Corporate / Homeowners Association accounts.

According to the Sectional Titles Schemes Management Act 8 of 2011, it is the duty of the Trustees to Levy and collect contributions from the owners. In the event that an owner fails to pay his obligations to the Body Corporate Association, the Trustees must take the necessary steps to recover the arrears Levy or any other arrears amount owing by the owner to the Body Corporate Association.

DMS offers services and expertise in this field to assist the Trustees/Directors to manage and control the arrears, therefore releasing the Trustees/Directors of this burden. A mandate needs to be signed by the Trustees/Directors, instructing DMS to take the necessary action on behalf of the Trustees/Directors. It is in the interest of all members of the Body Corporate/Homeowners Association to protect their investment, so that those who pay do not have to carry the burden of those that don’t. Therefore it is highly recommended that an arrears policy be put in place and enforced. DMS would act on behalf of the Trustees/Directors to enforce this policy.

We are the preferred debt collection agency for ANGOR Property Specialists (Pty) Ltd and we have a direct link into their accounting data in order to facilitate this service.

DMS works closely with Portfolio Specialists at ANGOR Property Specialists (Pty) Ltd, ensuring that Trustees and Directors debt collection strategies are adhered to.

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The costs involved in the levy collection process are collected by the Managing Agent from the Body Corporate / Homeowners Association, paid over to DMS and recovered from the defaulting owner.

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