By Anton Kelly 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…
By Prof Graham Paddock I am sure that all 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.
By Clint Riddin 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.
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! What if owners are not informed of levies raised? Q1a. Hi Professor, In terms of s37(2), liability for contributions levied under subsection (1) accrues…
By the Newsletter Team 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…
