Paddocks Press – April 2016
The April 2016 edition of Paddocks Press is now available.
When sectional title schemes should be home owners’ associations
Introduction Sectional title schemes can be used for a wide variety of development types. As well as traditional blocks of flats, sectional titles schemes can be shops, offices, even factories, or combinations of these. The Sectional Titles Act, 95 of 1986 (the Act), which usually refers to “the building or buildings” in its provisions, accommodates…
Overcrowding in sectional title schemes
Overcrowding can be a major problem in sectional title schemes, and it could lead to management difficulties. It affects the investment, which may result in a reduction in the market value of units. In addition it could also affect the owner’s potential rental income. It could also affect the living conditions of all the owners…
Q&A – 2016 04
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! Chairperson Concerns Member’s question: Please inform us of the following: 1. Can the Board of Trustees charge going rate interest on overdue accounts? 2. Can The…