Paddocks Club has been in operation for nearly 2 years. From November 2012, the Paddocks Club membership fee is set to increase for the first time. You are encouraged to join the Club before 31 October 2012 to pay the current fee!

"Paddocks Club is the most amazing tool! The replies are quick, concise, easy to understand and not at all ambiguous. I would suggest that at least one trustee per sectional title subscribes to Paddocks Club." - Stephne Ashworth, Trustee

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"This is the third edition I have bought – which I think speaks for itself." - Joan Fowle, unit owner. Sectional Title Survival Manual

 

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How to get involved: Go to the Paddocks Facebook Fanpage, like the page, and suggest an article topic.

 

 

All suggestions will be considered. Not all suggestions will be used.

Welcome to the Spring Edition of Paddocks Press. There is still no news on the promulgation of the regulations under the STSM and CSOS Acts, but the Boards that will operate under the two statutes are in the process of being assembled.

2. Clint dealing with "exit levies" that are often payable in retirement schemes,

From November 2012, the Paddocks Club membership fee is set to increase for the first time since its founding. As such, I encourage you to join before the end of October to gain access to the Club's facilities at the current fee. There are some great discussions happening there, come join us!

P.S. Registrations have recently opened for the 2013 Home Owners' Association Management course.

We have realised over the past few weeks that there seems to be some confusion surrounding the use of the Sectional Titles Act and the prescribed management rules. Firstly, the Sectional Titles Schemes Management Act, although signed into law by the State President, is not yet in operation. The second area of confusion is about special levies.

In this article, Anton clears up the confusion around the Sectional Title Scheme Management Act and special levies. (reading time: ± 2 mins)

 

 

In recent issues of Paddocks Press we visited the new Interpretation Note 64, which deals in detail with how SARS taxes a property community scheme. A new development in these schemes, particularly retirement schemes, is an exit levy that is payable when a unit is sold, and a “capital” contribution that is paid to the scheme based on a formula usually contained in the rules.

In this article, Clint sheds some light on the exit levies, particularly in connection with retirement schemes. (reading time: ± 1 min)

 

 

The Club, which is headed by Prof Graham Paddock, was set up to help members get answers to their questions about sectional title, home owners' associations and other types of community schemes. We currently have over 270 Community Members; everyday there is something new, it is a real joy to watch the Club, and its members, grow.

In this article, Kate, the Club facilitator, tells you a little bit more about the Club and the value in being apart of this growing community. (reading time: ± 2 mins)