New legal opinion: charging agents HOA fees is illegal
Could this be the end of undesirable business practices? Senior counsel George Kairinos’ legal opinion heralds big changes for HOAs.
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Could this be the end of undesirable business practices? Senior counsel George Kairinos’ legal opinion heralds big changes for HOAs.
As the HOA battle continues, there is good news with more estates
changing their policies regarding estate agents and fees.
We’ve reported extensively the issues surrounding agents paying HOA fees to operate within secure estates or gated communities. Until this week, agents have truly been caught between a rock and a hard place.
The PPRA continues to fine agents paying HOA fees as more and more HOAs try to get around the pesky problem of undesirable business practices.
The first volley of PPRA inspections has been conducted at Mooikloof Ridge Estate in Pretoria, with several agents receiving compliance notices and R5,000 fines. Could you be next? What could happen?
PPRA Chairperson Steven Ngubeni has strong words for illegal practitioners, and says the Competition Commission has been approached to deal with HOA ‘accreditation fees’.
While all estates are certainly not created equal in terms of amenities and property prices, they do all have HOAs, many of which have capitalised on their authority.