The Sectional Titles Schemes Management Act (STSMA) and PMR 22 regulations require every Body Corporate in South Africa to maintain a properly funded 10-year plan.
The STSMA mandates every Body Corporate to prepare and maintain a 10-year maintenance plan. It's not optional — it's the law.
Trustees who fail to maintain an adequate MRRP can be held personally liable for damages. Compliance protects your board.
PMR 22 requires adequate reserve fund contributions. Without a plan, your scheme risks under-funding critical maintenance.
A well-maintained building retains and grows value. Deferred maintenance leads to costly emergency repairs and depreciation.
Unplanned failures — burst pipes, roof leaks, lift breakdowns — cost 3-5x more than planned maintenance. Prevention is key.
A transparent, well-managed MRRP builds trust with owners and ensures fair levy contributions across the scheme.
Trustees can be held personally liable for losses arising from failure to maintain the scheme properly — including the lack of an adequate MRRP.
Without forward planning, sudden large expenditures lead to special levies, owner disputes, and potential CSOS complaints.
The Community Schemes Ombud Service (CSOS) can investigate schemes that fail to comply with STSMA requirements and impose corrective orders.
Insurers may refuse claims related to maintenance neglect. A documented MRRP demonstrates proactive care of the property.
Section 3(1)(l) — requires maintenance, repair and replacement plan
Details the 10-year plan requirements including cost estimates and funding
Reserve fund contributions must be informed by the 10-year maintenance plan
Provides dispute resolution and governance enforcement mechanisms
From initial setup to AGM-ready board reports — our platform guides you through every step of building and maintaining a compliant 10-year plan.
Set up each Body Corporate, HOA or POA as a separate legal entity with its own financial settings and reporting.
Catalogue every major component — roofing, lifts, plumbing, electrical, security systems — with current condition assessments.
Enter levy income, admin budgets, reserve balances, inflation and levy increase rates. The system projects forward 10 years.
Produce PMR 22-compliant reports with category breakdowns, funding projections, health scores and sign-off sections.
The MRRP Financial Analysis page gives you a complete picture of your scheme's financial health, STSMA compliance status, and 10-year expenditure projections — all in one place.
Your financial command centre. See all key numbers at a glance:
A 10-year visual projection comparing income against planned expenditure:
Detailed breakdown of where your money is going:
Check your compliance status against South African legislation:
Each legal entity (Body Corporate, HOA, POA) has its own independent financial analysis — select the entity to view its specific data.
Not every repair stays a repair. When a recurring leak, ageing pump, or failing security gate signals a larger capital expenditure, you can "Flag as MRRP Item" directly from any Service Request or Work Order — promoting it from operational maintenance into your 10-year capital plan with full traceability.
A service request comes in for a roof leak, a burst pipe, or a malfunctioning lift. You handle it operationally — but you recognise it's part of a bigger capital replacement need.
From the Service Request or Work Order detail page, click "Flag as MRRP Item". The system pre-fills the item name, facility, priority, and PMR 22 category from the source record — saving you time.
Set the estimated replacement cost (today's Rands), planned year, expected lifespan, and current condition. Add notes explaining why this is now a capital matter. The system applies inflation projections automatically.
Every flagged MRRP item retains a link back to its source service request or work order. Trustees and auditors can trace the lineage from a day-to-day repair all the way to a strategic capital budget line item.
The new item appears immediately on your 10-Year Plan, Financial Analysis dashboard, and Board Report — fully integrated with inflation projections, category breakdowns, and reserve fund calculations.
Service Request / Work Order
A roof leak is reported, a pump fails, or a lift needs repeated repairs.
Manager Flags as MRRP Item
Click "Flag as MRRP Item" from the Actions panel. Category, facility, and priority are pre-filled.
Capital Item Created
Set cost, planned year, lifespan. The item is added to the 10-year plan with a "Flagged" badge.
Plan Updated Automatically
Financial projections, category breakdowns, and board reports reflect the new item immediately.
MySmartFM doesn't just tick the compliance box — it gives your scheme a powerful financial planning tool that protects property values and reduces costs.
Reserve Fund Health
STSMA recommends reserves cover at least 25% of the annual admin budget
10
Year Projection
PMR 22
Fully Compliant
< 1hr
Setup Time
1-Click
Board Reports
Whether you manage one Body Corporate or an entire portfolio, our MRRP module scales to fit.
Sectional Title Schemes
Homeowners & Property Owners Associations
Property Management Companies