Get In Touch
(011) 477 0465 or (083) 293 0503
lrf@icon.co.za
Established in 2008
Members
Leslie Fivaz
Managing Member
Daphne Fivaz
Member
Garath Fivaz
Member
Introduction
Migadales was registered in 2008 and has assisted various small businesses with management and accounting services, across a diverse spectrum of activities.
Leslie Fivaz, the Managing Member, is a highly experienced Business Manager, having held senior financial positions at a number of large commercial business (Ricoh SA, Malbak Motor Holdings, Wheels of Africa), and having just completed almost 5 years as CFO of ALW Estates, a Property Management and Development Company.
Property Managing Agent Services
Accounting
- Assist with Annual Budgeting; including the compilation of the 10 year Maintenance Plan.
- Maintain full and proper accounting records, utilizing a reputable accounting software package.
- Compile and distribute Monthly Management Accounts: Income Statement, Balance Sheet, Cash Flow, Debtor & Supplier Age Analysis, and Maintenance Schedules.
- Assist External Auditors with the preparation of the Annual Financial Statements. (External Auditor fees are not included in the Managing Agent’s fees; these are agreed to annually by the Trustees and budgeted for accordingly).
- Payment of Supplier/Service Providers. Either:
1. We prepare the documentation and submit to the authorized Trustees to effect/release payments, or/(and)
2. We are given access to the Bank Account and effect payment on behalf of the Trustees. - Arrange for the monthly water and electricity meter readings. Council Accounts will be reconciled monthly with actual readings.
- Produce and send out Monthly Owner/Tenant Statements, and follow up on payments. Billing will be completed within 5 days of finalization of meter readings.
- Continuous Monitoring and Reconciliation of Bank Statements.
- Assist with and ensure that any SARS Tax Returns and Payments are attended to timeously.
Insurance
- Assist with the renewal of annual insurance: Fidelity, Common Property, and any other.
- Assist with the submission of insurance claims.
- Assist with revaluations if/when required.
Statutory Compliance
- Advise on compliance with applicable legislation: STSM Act, CSOS Act.
- Assist with submission of Annual Statutory Returns: CIPC, other.
Levy Clearance Certificates
- Assist with Levy Clearance Certificates.
Conduct and Management Rules
- Advise on Conduct Rules and Management Rules.
- Assist with any actions required for non-compliance; including legal process if necessary.
Secretarial Services
- Arrange and attend AGM’s, SGM’s, and Trustee Meetings; and compile Minutes for same.
- Attend to statutory changes to Company information.
- Maintaining the Statutory Registers and Minute Books.
- Assist with appointment/resignation of Trustees/Directors, Public Officers, Auditors.
Maintenance
- Assist with maintenance issues: obtaining quotes, securing approvals, placement of orders.
- Assist with management of Garden Services; internal and/or external.
Payroll/HR
- Assist with any salary payments; submission of UIF, PAYE, insurance returns/payments.
- Assist with disciplinary issues.
Security
- Assist with assessment of Security service delivery and related needs.
Managing Agent Fees
- A negotiable Once-Off Take On fee will be payable to the Managing Agent.
- A Base Flat Fee to cover services rendered will be negotiated.
- A Stationery Fee will be billed to recover printing, binding, and any other stationery expenses incurred by the Managing Agent; supporting paperwork/calculations will be provided.
- Any legal expenses/fees incurred by the Managing Agent on attending to outstanding billing issues will be fully recoverable.
- Travelling Expenses, at the official SARS Rate, will be charged by the Managing Agent for the attendance of any Trustee Meetings in excess of 4 meetings per annum and for travel to site visits in excess of 2 per month; and for any extra-ordinary call-outs to site.
- A fee will be charged for the assistance with the issue of Levy Clearance Certificates.
Any other “out-of-pocket” expenses incurred on behalf of The Scheme will be recoverable.
Get In Touch
(011) 477 0465 or (083) 293 0503
lrf@icon.co.za
Together we Succeed
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