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New course in Home Owners' Association Management

After many student requests, Paddocks now offers the 3-month part-time Home Owners’ Association Management Certificate Course – the only specialised course of its kind in South Africa.

This exciting new course will be presented via internet-based distance learning and will begin in February 2010.

Click here for more information on this brand new course.

Paddocks Sectional Title Survival Manual

Get South Africa's best selling Guide to Sectional Title - only R265 incl. postage and packaging. Click here to order now.

Deborah gets married!

Congratulations from all at Paddocks to Deborah (who is part of the Paddocks Marketing Team) and Dwaine Carrao. We wish you all the best for your new adventure as husband and wife.


Above: Deborah and Dwaine during their marriage ceremony.

STARR Software

STARR is an affordable, simple, easy-to-use software product that makes searching and referencing of the Sectional Titles Act, Rules and Regulations a pleasure.

Click here for more information on this excellent product.

Paddocks Course Calendar for 2010

Click here to find out the dates for the upcoming Paddocks Courses in early 2010.

Photos from the Sectional Title Bookkeeping Course

We held two-day workshops in Johannesburg and Cape Town. The interactive workshop was thoroughly enjoyed by the students and staff and we look forward to presenting the course again in 2010.

Johannesburg Bookkeeping Students
Above
: The Johannesburg student group

Cape Town Bookkeeping Students
Above
: The Cape Town student group

Do you want to see more photos from these workshops? Click here to view all the photos at our Facebook Fanpage.

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Have you heard about Getsmarter?

Getsmarter - Paddocks sister training company

Getsmarter is Paddocks' sister company, which specialises in online training for working professionals. Click here for more information.

Meet the Team

The Paddocks Team

Contact Details

Website:www.paddocks.co.za
Email: info@paddocks.co.za

Douglas Murray House
18 Protea Rd
Claremont
Cape Town
7735

October 2009 (Volume 3, Issue 10)

Dear Subscriber

Prof. Graham PaddockI have just realised that there are seven full weeks before we close our offices for the Christmas and New Year holidays. 2009 is almost over! But it has been really good year for us and I hope for you also.

The 9th presentation of our popular UCT (Law@Work) Sectional Title Scheme Management Certificate course begins on the 30th of November 2009. We have introduced video lectures to make our content more engaging.

You will notice that the format of this publication has changed. Paddocks Press will now be delivered to your inbox in this format. If you have trouble viewing this e-mail, please click on the link at the top of this message to see it online. All these articles are available for viewing on our www.paddocks.co.za website.

On behalf of all at Paddocks and Getsmarter, I thank you for reading Paddocks Press.

In this October issue:
1. I deal with the suggestion that the CSOS service should regulate managing agents;
2. Mike Addison looks at trustees' responsibility with sectional title insurance;
3. Our training team interviews an attorney, a portfolio manager, an auditor and an estate agent to get their views on our hugely popular UCT (Law@Work) Sectional Title Scheme Management Certificate Course;
4. Jennifer writes about levy stabalization funds;
5. Rob continues his regular property maintenance articles by advising on the importance of paint;
6. Jennifer answers a few interesting questions in her regular Q&A column; and
7. We provide you with details of our upcoming training courses.

We'd like to thank Quirk eMarketing for the use of their e-mail template.

Regards,
Graham

Should the CSOS regulate Managing Agents?

Graham Paddock

A view on the issue of regulation of MAs

By Prof. Graham Paddock

In this article Graham examines the existing position and the suggestion made by Dr. Gerhard Jooste, a leading managing agent, that it would be most suitable for the Community Scheme Ombud Service (“CSOS” and “the Service”) to take over the regulation of managing agency from the Estate Agency Affairs Board. (reading time: ±4 mins)

Read the full article...

Sectional Title Insurance

Mike Addison

A look at Trustee Responsibility

By Mike Addison

Trustees are elected by the members of the body corporate to deal with matters of the body corporate i.e. control, manage and administer the affairs of the body corporate.

Trustees need to be aware of the statutory functions of a body corporate in respect of the insurance:

  • to insure the building or buildings and keep it or them insured to the replacement value thereof against fire and such other risks as may be prescribed; and
  • to insure against such other risks as the owners may by special resolution determine. (reading time: ±4 mins)

Read the full article...

UCT (Law@Work) STSM Students

Paddocks Team

How can Paddocks help you?

By our Training Team

We have asked three of our past UCT (Law@Work) Sectional Title Scheme Management Students to answer a few questions about their experience on this benchmark course.

Read what an attorney, a portfolio manager and an auditor have to say about this course and how it can help you in your profession. (reading time: ±2 mins)

Read the full article...

Levy stabalization funds in sectional title schemes

Jennifer Paddock

A thorough look at stabalization funds

By Jennifer Paddock

Levy stabilization funds are common in sectional title schemes designed for retired persons. The rationale behind them is that retired persons generally live off a fixed income and cannot afford to pay large increases in their ordinary levies each year. These funds allow bodies corporate to either set the ordinary levies of their owners at a fixed rate or to keep increases at or below the rate of inflation.

Typically a levy stabilization fund is funded by once-off payments payable by owners when they alienate their units. (reading time: ± 3 mins)

Read full article...

Paint Shmaint

Robert Paddock

Property maintenance

By Rob Paddock

Have you ever really noticed the specific factors that make a building look unkempt? We have recently purchased a beautiful Victorian building built way back in 1902 when pride and care was put into the building process. The quality of the craftsmanship and building work is just superb even a century later.

Why then does the property look so neglected? (reading time: ±3 mins)

Read full article...

Q&A with Jennifer

Jennifer Paddock

Monthly Q&A

By Jennifer Paddock

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

  • Municipality meter calculation problems
  • Administrator issues
  • Lawyer fees on levy
  • Balcony Damage

Read full article...

Upcoming Training Courses

Upcoming training courses for the remainder of 2009:

UCT (Law@Work) Sectional Title Scheme Management Certificate
Registrations close: 20 November 2009
Course fee: R7,400 (excl. VAT)
New development: Video lectures will now be included with bonus course material. Click here for further details on this course.

Home Owners’ Association Management Certificate Course
Registrations close: 12 February 2010
Course fee: R6,100 (excl. VAT)
Will teach students the legal aspects of Home Owners’ Association management. Click here for further details on this new course.


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