Sectional Title Templates Book is an essential reference book for anyone who lives in, owns, or manages sectional title. This book provides a comprehensive list of templates that are needed in the day-to-day activities of sectional title schemes.

 

Expand your expertise by completing the only specialised course in home owners' associations management offered in South Africa.

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 "My motivation was to improve my knowledge in order to give a better service to my clients; the course definitely empowered me to do that and more." – Lou du Plessis

 

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Easy-to-use guides for managing agents, chairpersons, trustees, owners and other role players who want to empower themselves with the knowledge of how sectional titles and home owners' associations should be managed.

 

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This month we are celebrating the successful launch of our new book, Paddocks Sectional Title Templates Book, an A4 publication that includes a wide variety of forms and precedents. The book is literally flying out of the door and we really appreciate the positive reader feedback.

Registrations for the HOA management course close soon and we are now accepting applications for the 16th presentation of the University of Cape Town Sectional Title Scheme Management Course.

1. Anton Kelly discusses the end of the transition period for compliance with the new Companies Act,

2. I deal with the requirements for levies on an equal 'per owner' basis,

3. Pierre Heistein explains the economic approaches to property investment and,

P.S. Registrations close this Friday for the Home Owners' Association Management course!

The new Companies Act came into force on 1 May 2011. All of the new Act’s provisions to do with directors’ duties, conduct and liability, members’ rights to receive notice or have access to information, directors’ and members’ meetings and the adoption of resolutions automatically applied from that date. Any other provisions of the company’s memorandum of incorporation (MOI) that were in conflict with the new Act still applied, but only for the duration of the “transition period”, which ends on 30 April this year, 2013.

 

In this article, Anton highlights the imminent end of the transition period and discusses what non-profit HOA companies have to get done before May 2013. (reading time: ± 3 mins)

 

Over many years of giving sectional title advice, I have seen a persistent theme of schemes charging levies on an equal "pro rata" basis, either for all expenses or for specified ones. There is no one particular basis (measured floor area, equality or value) that is objectively “fairest". The Sectional Titles Act, No. 86 of 1986, provides that the default manner in which common expenses must be recovered from owners is in accordance with the participation quotas allocated to the sections they own.

 

In this article, Graham outlines various systems for charging levies. He also provides steps a body corporate must take in order to collect levies other than in accordance with the participation quotas. (reading time: ± 2 mins)

 

Before deciding to invest money in property, you need to ask the most basic of questions: why are you doing it? Is it to make money, or to store money? Property, unlike other investment mediums, has the ability to do both, but each one requires a very different approach when it comes to making wise investment decisions.

 

In this article, Pierre tells us why the "wise investor" will always have some property in their portfolio of investments. (reading time: ± 3 mins)

 

This month, we cover the following topics in our Q&A section:

• Directors and payment
• Individual electricity meters (reading time: ± 1 min)