By Anton Kelly The Sectional Titles Act and the prescribed rules provide relatively complicated processes for certain operations. Getting everything right depends on a fairly comprehensive knowledge of the Act and rules. In small schemes that don’t employ a managing agent, it is the trustees who need to have that knowledge.Here is an example of…
By the newsletter team Sectional title scheme executives often need support in carrying out their day-to-day scheme management duties. Members of community schemes regularly need assistance in establishing and enforcing their rights. Those who contract with and advise community schemes also need to understand this complex environment. Paddocks Club, which was launched in January, offers…
By Pierre Heistein Property bubbles seem like strange things: if everyone wants to buy and build better property, why should this cause the prices and investments to crash? Using a simple demand and supply framework, we can explain one way that this can happen.
By Prof Graham Paddock Petitions and controlling the managing agent Q1. We have received two weeks’ notice of our AGM and I would like to submit a petition signed by the majority of owners against a special resolution to be tabled at the meeting.
By Prof Graham Paddock Cash-flow Assurance as opposed to Levy Finance The type of insurance referred to in the Sectional Titles Act and the prescribed management rules is “indemnity insurance”. The body corporate is obliged to insure the buildings and other improvements in the scheme against damage by fire and other prescribed risks. In addition,…
