Paddocks Press – October 2014
The October 2014 edition of Paddocks Press is now available.
CSOS Executives Meeting
Two weeks ago Graham Paddock released the above Video Tutorial to the Paddocks Club Community Members. In this video Graham speaks about the physical reality of the Community Scheme Ombud Service. He then introduces the members of the CSOS starting with Reverend Vukile Mehana, the Chairman on the CSOS Board, the newly appointed Chief Ombud,…
Selling Sectional Property off Plan
The property buying public is pretty much used to the concept of buying a dwelling before the thing is actually built. We know that it is an opportunity to acquire a brand new property at a good price, with all the latest décor and finishes, where everything works properly and in a community that provides…
An Efficient Managing Agency Market
In 1970 Eugene Fama, an American economist, formulated his Efficient Market Hypothesis. Simply put, this suggests that at any given time, prices fully reflect all available information on a particular market. As the title suggests, this is a theory and not an exact science that applies to our industry as a whole. Since entering the…
Trustees Contracting with Third Parties on behalf of the Body Corporate
What is required and what are the possible consequences when trustees enter into contracts on behalf of the body corporate with third parties? It is important to draw a clear distinction between: 1. When the trustees transact with the body corporate and in particular the general meeting, the trustees act as an organ of the…