 |
|||||||||||
|
Green day Every now and then, the Paddocks and GetSmarter team celebrates working together with a little breakfast and a team building activity – this time, we played Guitar Hero on our green day. Here are a few pictures.
Sectional Title Survival Manual
The ultimate guide to living in sectional title – order online.
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 |
March 2011 (Volume 6, Issue 3)
Dear Paddocks Press Fan,
Graham P.S. The upcoming Home Owners' Association Management course dates have been confirmed - the course starts on 8 August 2011. 
Threat to the financial stability of HOAs averted
|
||||||||||
 |
HOA's embargo on transfer restored
|
Most Paddocks Press readers know that an owner cannot transfer a unit in a sectional title scheme without first getting a clearance from the body corporate. Home owners' associations (HOAs) are not governed by a national statute, so there is no law that makes a similar provision for them.
In this article, Graham looks at the 2010 ruling regarding transfer of HOA property and the recent action taken to change the ruling. (reading time: ± 2 min)
A fair share of the levy
 |
Changing the share of the levy contribution
|
A rather large home owners’ association (HOA) has another HOA as a subsidiary, which in turn has a sectional title scheme as one of its subsidiaries. This sectional title scheme has 12 sections, one of which is a hotel. The hotel section, which is allocated 65% of the participation quota, is likely to cause a disproportionate amount of wear and tear to the scheme, so a simple percentage breakdown on working out costs for maintenance seems unfair.
In this article, Anton looks at what needs to be done so that levy contributions are deemed fair by all. (reading time: ± 1 min)
Audited financial statements
 |
The trustees’ responsibilities relative to AFS
|
It is that time of year again, when many audit practices start auditing clients whose year-end is February. As the prescribed management rule in sectional title defaults a body corporate year-end to February, this means that by and large an overwhelming number of bodies corporate have February financial year-ends.
In this article, Clint outlines the many aspects that need to be taken into consideration for this busy time. (reading time: ± 2 min)
A day in the life of Gerrie Scheepers
 |
Vision Properties CEO and executive director
|
Gerrie Scheepers is the CEO and executive director of Vision Properties, a property management, letting and sales company.
Gerrie started working in the property industry in 2003 as a portfolio manager, and joined Vision Properties in 2009 to focus on managing residential complexes. The company employs 24 staff members and has offices all around the country (and even one in Namibia). Vision Properties focuses on using the latest technology to make managing property more effective and streamlined. (reading time: 1 min)
Q&A with the Professor
|
Monthly Q&A
|
This month, we cover the following topics in our Q&A section:
• What if owners are not informed of levies raised?
• No vote in certain circumstances – forming a quorum (reading time: ± 1min)
Upcoming training
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.
Home Owners’ Association Management course
Registrations close: 29 July 2011
Learn all about the legal aspects of home owners’ association (HOA) management.
Click here for further details on this
course.
