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There are two options open to developers and owners for creating exclusive use rights for particular areas of common property. Exclusive use areas (EUAs) are areas other than your sectional unit that are additional “nice to haves”, such as stores, garages, parking bays, gardens, etc. Geyser insurance
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A thorough look at insuring geysers
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The geyser has become one of the biggest challenges for insurers, underwriting managers and trustees wishing to manage their premiums. We are told that roughly 70% of all claims are geyser related – in other words, repairs, replacement and damage resulting from leaking or burst geysers. How does this affect the owner? How does this affect the trustee?
In this article, Mike takes us through what is involved in insuring geysers, what the rules say about this and the possible way forward. (reading time: ±2 min)
We chat to Jen before she leaves
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Jennifer has gone from strength to strength in all aspects of her life in the past year. After several years of studying and doing her articles, she has just been admitted as a fully fledged attorney. She’s also had a big change in her personal life – she got married last year. On top of all that, she and her husband are leaving in May to work abroad in Australia for a few years.
Do not worry; Jennifer will still be contributing to Paddocks Press while she’s away. (reading time: ±2 mins)
Maintenance
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If you live in a sectional title scheme, you can give yourself a pat on the back. By choosing to live at a higher density, nine times out of ten you waste far less water per person than your average home in the suburbs.
In this article, Rob provides us with helpful tips on conserving water when it comes to the big water wasters - gardens and toilets. (reading time: ±2 mins)
Bridget Bakker
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A closer look at the history of this manual
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We are proud of what we, and especially Prof Paddock, produce, so in this edition of Paddocks Press we would like to share the history of the Sectional Title Survival Manual with you. (reading time: ±1 min)
Monthly Q&ABy Jennifer Paddock |
This month, we cover the following topics in our Q&A section:
• Levy stabilisation funds – can they do that?
• Geyser insurance – who must pay?
• The onset of levy payments. (reading time: ±2min)
UCT Sectional Title Development
course
Registrations close: 21 May 2010
Will
immerse students in the legal, financial and administrative aspects of
property development under sectional title.
Click here for further details on this
course.
UCT (Law@Work) Sectional Title Scheme Management course
Registrations close: 25 June 2010
Be equipped to manage schemes according to the legal aspects of scheme management.
Click here for further details on this
course.
Sectional Title Bookkeeping course
Registrations close: 6 August 2010
Gain an in-depth understanding of the legal, financial and administrative aspects of sectional title bookkeeping.
Click
here for further details on this
course.
Home Owners' Association Management course
Registrations close: 27 August 2010
Will teach students the legal aspects of home owners’ association (HOA) management.
Click here for further details on this
course.