After verification of the Complexes unique management status; every qualifying complex becomes a member of FAMIA. The benefits of a membership include display of a membership plaque at entrance gates and ensures storage of compulsory information in relation to the Body Corporate' positioning.
Verification checks that substantially lowers risk for all parties involved include the following:
Auditor status - CA/SA, SAICA membership and CIPC
Insurer status - FSB registration and CIPS validation
Managing Agent status - FFC, NAMA or alike
Trustees reporting status - Last AGM held & status of management agreement, Conduct Rules and Management Rules
Membership cost is R280 per month irrespective of the amount of units/stands forming part of the complex. This includes an additional 50MB of document storage space per annum per complex.