Paddocks Press – February 2017
The February 2017 edition of Paddocks Press is now available.
The two body corporate funds
The Sectional Titles Schemes Management Act 8 of 2011 (“the STSMA”) and the Prescribed Management Rules (“PMRs”) contained in Annexure 1 to the Regulations made thereunder provide for bodies corporate to have two separate funds, a reserve and administrative fund. This article will distinguish between these two funds, and set out what each fund must…
Meetings – quorum and voting
Meetings in community schemes are the forum where resolutions are taken affecting all aspects of the scheme, and its members. If all the formalities of a meeting are not followed correctly, the decisions taken at that meeting could be challenged and even found invalid. The UCT Sectional Titles Meetings short course deals extensively with all…
Q&A – 2017 02
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! Ceiling damage Member’s question: Good morning Paddocks Team, Who would be responsible for ceiling damage if the ceiling is falling down due to developers poor workmanship….