Paddocks Press – September 2019
The September 2019 edition of Paddocks Press is now available.
Parking. Parking. Parking.
The first lesson of economics is scarcity, there is never enough of anything to fully satisfy all those who want it, which is why one of the most valuable additions to any property is secure, and preferably covered, off street parking. Unfortunately, many sectional title schemes lack the necessary space required to fully satisfy all…
What can owners do when body corporate trustees go rogue?
Sectional owners frequently complain that trustees spend scheme money on expenses that are not covered by the body corporate’s approved budgets, sometimes on unnecessary expenses, or that they spend more than the budgeted amounts. What can owners do when this happens? The law requires that trustees must spend the body corporate’s money in accordance with…
Q&A – 2019 09
By the Paddocks Club team Below are examples of two questions on the Paddocks Club discussion forum, to show you what is available to our Community members! Can trustees use funds specifically collected for painting on other expenses? Member’s question: Good day Paddock Team, We manage a body corporate who collected a special levy for…
Radio interview: “Ownership” of parking in sectional title
Topic: The legal nature of “ownership” of parking in sectional title Date: 1 September 2019 Interviewer: Africa Melane on 567 CapeTalk radio station During this interview, Auren discusses whether or not an owner can rent out their parking bay. Click here to listen to the interview on CapeTalk’s website. Should you have any queries relating…