Paddocks Press – October 2015
The October 2015 edition of Paddocks Press is now available.
Trustees – from nomination to termination
We have often been asked whether non-members of a scheme may be nominated and elected as trustees. Prescribed Management Rule (“PMR”) 5 provides that a trustee must not be required to be an owner provided that (a) the majority of trustees are owners or the spouses of owners; and (b) the managing agent or their…
Use restrictions in sectional title schemes
Reasoning behind use restrictions Sectional title schemes are community schemes: communities of residents, retailers, business people or even manufacturers. The members joined the community because of its nature, so this fundamental reason for purchase is best served by making sure parts of the scheme are not used for different purposes. This basic principle is more…
Q&A – 2015 10
By The Paddocks Club Team Below are examples of two questions on the Paddocks Club discussion forum. We want to show you what is available to our Community members! Use of units as “self catering” Member’s question: Good day Paddocks team, According to rule 68 (ii) “…..or the carrying on of business in the building”….