Property Compliance Accreditation: Ensuring Standards
Property Practitioners Regulatory Authority (PPRA)
Property Principals is fully licensed and holds a current Fidelity Fund Certificate from the Property Practitioners Regulatory Authority (PPRA). Each portfolio manager working for a Body Corporate or HOA is personally accredited, screened, and re-certified annually in accordance with the Property Practitioners Act, 22 of 2019. Furthermore, we ensure that our practices align with the guidelines set forth by the Community Schemes Ombud Service and the Council for Debt Collectors, and we are members of the National Association of Managing Agents.
National Association of Managing Agents (NAMA)
Property Principals is in full compliance with the National Association of Managing Agents (NAMA), which establishes the code of conduct for all managing agents in South Africa. We strictly adhere to these standards and ensure that any misconduct is addressed swiftly and effectively. Additionally, we recognize the importance of the Community Schemes Ombud Service and the Council for Debt Collectors, ensuring that all client concerns are heard and resolved in accordance with the regulations set by the Property Practitioners Regulatory Authority.
Community Schemes Ombud Service (CSOS)
We register and manage every scheme in full compliance with the Community Schemes Ombud Service (CSOS), ensuring adherence to the standards set by the Council for Debt Collectors and the National Association of Managing Agents. From levy submissions to dispute-ready documentation, this approach means fewer surprises for trustees, faster resolutions when disputes arise, and the confidence that comes from working with a manager who respects the regulations of the Property Practitioners Regulatory Authority as much as you do.
Council for Debt Collectors (CFDC)
Property Principals is fully compliant with the Council for Debt Collectors and the Property Practitioners Regulatory Authority, ensuring that any arrears recovery is conducted fairly and transparently under the Debt Collectors Act. This approach not only safeguards your property's cash flow but also aligns with the standards set by the National Association of Managing Agents, prioritizing ethics and accountability in all transactions. Furthermore, we operate in accordance with guidelines from the Community Schemes Ombud Service to enhance our commitment to ethical debt recovery.