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Paddocks Club is now offering the Navigator Membership:
Past students – Free March Navigator Membership
Sectional Title Survival Manual
The price for the Survival Manual is now R295.
UCT Applied Economics for Smart Decision Making course
Become an internet super-user
The new Internet Super-User textbook is designed to bring internet novices up to speed with the online world.
Socialise with us Join our Facebook Page and follow us on Twitter for free regular sectional title information and education:
We would like to thank Quirk for the use of their newsletter template.
Meet the team
Contact details
Website:
www.paddocks.co.za
10 Park Rd |
February 2011 (Volume 6, Issue 2)
Dear Paddocks Press Fan,
Graham P.S. The upcoming UCT (Law@Work) Sectional Title Scheme Management course starts on 20 June 2011. 
Paddocks Club
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A look at what is covered in the Club
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Paddocks Club, which was launched in January, offers its members an opportunity to be part of an exclusive mutually supportive learning community. It provides resources as well as expert support and ongoing coaching, ensuring that members are kept up to date and can carry out their functions and offer their services competitively.
After almost a month of running the Club, we have realised that there is great value in the Navigator as a product on its own – where people can access searchable legislation and sectional title resources. With this in mind, we now offer two types of memberships: the Navigator and Community Memberships. (reading time: ± 2 min)
The anatomy of a property bubble
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Understanding demand and supply
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Property bubbles seem like strange things: if everyone wants to buy and build better property, why should this cause the prices and investments to crash? Using a simple demand and supply framework, we can explain one way that this can happen.
In this article, Pierre explains the interaction between supply and demand and provides readers with the possible reasons for a property market crash. (reading time: ± 3 min)
Extensions – Make it legal!
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Implications of illegal changes
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The Sectional Titles Act and the prescribed rules provide relatively complicated processes for certain operations. Getting everything right depends on a fairly comprehensive knowledge of the Act and rules. In small schemes that don’t employ a managing agent, it is the trustees who need to have that knowledge.
In this article, Anton looks at an example of how illegal changes were made to a sectional title scheme because the correct procedures were not followed and, as a result, how the owners concerned may suffer material loss. (reading time: ± 2 min)
Stilus' Santam Insurance
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Cash-flow assurance as opposed to levy finance
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The Stilus “Levy Underwriting Security" product, in which Santam is the insurer, undertakes to pay the amount of any unpaid levy; this is not a loan. The body corporate pays Stilus premiums and, when it claims and is paid the outstanding levies, gives Stilus the right to act in the body corporate’s name – but for Stilus’ account – against the defaulting owner to recover the capital, interest and costs.
In this article, Graham explains Stilus in detail, and addresses questions and issues with this product. (reading time: 1 min)
Q&A with the Professor
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Monthly Q&A
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This month, we cover the following topics in our Q&A section:
• Petitions and controlling the managing agent
• Change of round robin vote (reading time: ± 1min)
Upcoming training
Home Owners’ Association Management course
Late registrations will be accepted until 12pm on Friday, 25 February
Learn all about the legal aspects of home owners’ association (HOA) management.
Click here for further details on this
course.
UCT (Law@Work) Sectional Title Scheme Management course
Registrations close: 10 June 2011
Be equipped to manage sectional title schemes according to the legal aspects of scheme management with this benchmark course.
Click here for further details on this
course.
