Paddocks Press Feed

Paddocks Press - April 2012

kate@paddocks.co.za (Kate) — Wed, 25 Apr 2012 00:00:00 GMT

The April edition of Paddocks Press is now available.

Q&A with the Prof - 2012 04

emma@paddocks.co.za (Emma Eastman) — Tue, 24 Apr 2012 00:00:00 GMT

By Prof Graham Paddock

Below is an example of two of the questions on the discussion forum on Paddocks Club. We want to show what is available to our Community Members!

New short courses for under R200

emma@paddocks.co.za (Emma Eastman) — Tue, 24 Apr 2012 00:00:00 GMT

By the Newsletter team

Managing schemes is a complex task, which requires a detailed knowledge of the Sectional Titles Act, the prescribed rules, a holistic understanding of the South African legal system as well as knowledge of scheme management best practices.

Taxation of community schemes by SARS

emma@paddocks.co.za (Emma Eastman) — Tue, 24 Apr 2012 00:00:00 GMT

By Clint Riddin

As explained in a previous article, the term community schemes includes a body corporate, home owners association, shareblock scheme, retirement scheme and any form of scheme which is deemed to be similar in nature. In the next three issues of Paddocks Press, we will unpack the newly implemented SARS Interpretation Note 64, which deals with how a community scheme is taxed by SARS.

Community scheme meetings

emma@paddocks.co.za (Emma Eastman) — Tue, 24 Apr 2012 00:00:00 GMT

By Anton Kelly

One of the most consistent complaints we hear from managing agents and people serving as trustees concerns “owner apathy”. They say it can be nearly impossible to get anything non-routine done – decisions that can only be taken by owners can’t be dealt with as there are often insufficient owners present at meetings to form a quorum. This is said to be particularly true in schemes where there is a high proportion of investor owners.

Meetings in a non-profit HOA company

emma@paddocks.co.za (Emma Eastman) — Wed, 28 Mar 2012 09:33:00 GMT

By Anton Kelly

Home owners’ associations that are non-profit companies must deliver the notice for a members’ meeting, such as the AGM, 15 business days before the meeting. Right, seems simple enough. But is it?

Fiduciary duties of HOA executives

emma@paddocks.co.za (Emma Eastman) — Wed, 28 Mar 2012 09:32:00 GMT

By the Newsletter team

Common law states that a Home Owners’ Association (HOA) executive has a special legal relationship to their HOA. They owe the HOA a duty of trust, reasonable skill and confidentiality. This is referred to as the "fiduciary relationship" and it implies that the executive must put the interests of the HOA ahead of their own interests.

Q&A with the Prof - 2012 03

emma@paddocks.co.za (Emma Eastman) — Wed, 28 Mar 2012 09:31:00 GMT

By Prof Graham Paddock

Below is an example of two of the questions on the discussion forum on Paddocks Club. We want to show what is available to our Community Members!

Perceived value of property

emma@paddocks.co.za (Emma Eastman) — Tue, 27 Mar 2012 09:30:00 GMT

By Pierre Heistein

Economic growth and poverty alleviation in South Africa could be helped by converting untitled land lived on by the poor into property rights for those who reside there. In this, I am aware that there are certain limitations or side-effects and it is one of these that I would like to pick up on specifically: the perceived value of property.

How many proxies can one person hold?

emma@paddocks.co.za (Emma Eastman) — Wed, 29 Feb 2012 00:00:00 GMT

By the Newsletter team

There seems to be some confusion of late as to whether a person can hold more than two proxies or not. The simple answer is yes: a person can hold more than two proxies – there is no limit at the moment.