Services

Wiki Page: About Us

admin — Sat, 19 Sep 2009 18:24:00 GMT

Propell Sectional Title Solution (Pty) Ltd, a subsidiary of Catalyst Real Estate Financial Services (Pty) Ltd, was established in 2000.

Propell specializes in the provision of levy finance and levy collection to the sectional title and home owners industry. This unique levy finance product is specifically designed to ensure the smooth operation of bodies corporate.

Levies are advanced to body corporates every month, ensuring expenses are paid and maintenance is carried out, thereby ensuring that property values are not compromised by levy default.

Propell has in excess of 14,000 clients in more than 300 schemes nationally. Since inception we have funded and collected over R500 million in levies.

Wiki Page: Our Service

admin — Sat, 19 Sep 2009 18:17:00 GMT

Propell advances the full monthly levy roll to the Body Corporate and collects the levies from the individual owners.

Propell charges an administration fee to the body corporate. Defaulters are charged a penalty interest and collection fees in terms of the rules of the body corporate. The only charge to non-defaulters would be the administration fee, which is included in the levy, interest and collection fees are only charged to defaulters.

If necessary Propell will institute legal action against defaulting owners on behalf of the body corporate. The legal process will also be funded by Propell and is monitored by a dedicated legal department which includes Propell’s in-house attorney.

Irrespective of whether levies are collected by Propell or not, the body corporate is still advanced its levy roll and assured of cash flow (subject to conditions).

We have dedicated departments ready to assist your individual requirements. Please dial 021 657 3600, followed by the following numbers for the relevant department.

Wiki: Services - Wiki

Anonymous — Sat, 19 Sep 2009 16:24:00 GMT

Wiki Page: Contact Us

admin — Sat, 08 Aug 2009 19:53:00 GMT

Propell
3rd Floor Sunclare Building
21 Dreyer Street
Claremont
Tel. +27(0)21 657 3600
Fax. +27(0)21 657 3614

Group: Services

Anonymous — Sat, 08 Aug 2009 19:38:00 GMT

Propell provides a levy finance and collection service to the Sectional Title Industry and to Home Owners Associations