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| Sectional Title Trustee Training course |
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Busy Paddocks Consultants
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This month our consultants Carryn Melissa Durham and Anton Kelly spoke at three events.
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Sectional Title Meetings Course
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Property24 Articles
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Have you noticed that every now and then there is a question and answer article on Property24 written by Carryn Melissa Durham?
Have a look at her latest answer to a Property24 Reader regarding "Keeping cats in a complex - the rules." |
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August 2014 (Volume 9, Issue 8)
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 The recent press reports of managing agent misappropriation of scheme funds underlies the necessity for trustees to ensure that:
A. their scheme's funds are not mixed with those of other schemes, and, B. they check bank balances regularly as well as inspect monthly management accounts.
These reports also underscore the necessity for scheme funds to be protected by fidelity insurance against theft by any person who has the authority to operate the relevant account. The scheme that lost R400 000,00 will probably get its money back in due course, but the average 5 to 7 year delay in getting paid by the EAAB’s fidelity fund means that many of the current owners will no longer be part of the scheme when that happens!
In Paddocks Press this week we have:
1. Can a Body Corporate Lend Money to its Employees? - Anton Kelly
2. Are Policies Always in Line With Sectional Title Requirements? - Mike Addison
3. Liability for Levies When a Unit Changes Hands - Jennifer Paddock
4. The Validity of a Penalty Rule and Enforceability of the Fine Implementation - Carryn Melissa Durham
5. Monthly Q&A - The Paddocks Club Team
and we give you details of our upcoming training courses.
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Kind regards,
Graham
P.S. Registrations are now open for the Sectional Title Trustee Training Course as well as the Sectional Title Meetings Course
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| Loans to Body Corporate Staff |
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Can a Body Corporate Lend Money to its Employees?
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By Anton Kelly
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Section 37 of the Sectional Title Act specifies the functions of the body corporate. However, as a body corporate what do you do when an employee asks for a loan? We at Paddocks get asked this question a number of times.
In this article Anton Kelly discusses loans to body corporate staff. (reading time ± 1 min)
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Read the full article...
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| Body Corporate Functions: Insurance |
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Are Policies Always in Line With Sectional Title Requirements
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By Mike Addison
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The Sectional Titles Act regulates certain functions of the body corporate which includes aspects of building insurance. Prescribed Management Rules deal more specifically with the insurance needs and they set out the trustees’ duties in this regard.
In this article Mike Addison discusses body corporate functions focusing on insurance and whether or not policies are always in line with Sectional Title requirements. (reading time ± 3 min) |
Read the full article...
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Thinking Inside the Box - Blog post
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Liability for Levies When a Unit Changes Hands
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By Jennifer Paddock
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Ordinary/general levies are straightforward as they are catered for in the Sectional Titles Act. However, when it comes to special levies there is no provision in the Act that caters for a change of ownership and therefore it is not as straightforward.
This months blog post, Jennifer Paddock discusses liability for levies when a unit changes hands. (reading time ± 2 min)
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Read the full article...
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The Validity of a Penalty Rule and Enforceability of the Fine Implementation
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By Carryn Melissa Durham
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For the penalty rule to be binding on the body corporate the fine recoverable must be entrenched in the governance documentation of the scheme. This means that it needs to be contained in either the management or conduct rules.
In this article Carryn Melissa Durham discusses the validity of a penalty rule and enforceability of the fine implementation. (reading time ± 2 min) |
Read the full article...
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| Sectional Title Trustee Training course |
| Registrations close: 26 September 2014
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Students will be introduced to the
administrative, financial, legal and physical aspects of sectional title
scheme management and the trustees’ role therein.
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| UCT Sectional Title Meetings course |
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Registrations close: 26 September 2014
Teaches students to control and manage meetings with confidence through
acquiring a broad and thorough understanding of the law of sectional
title meetings.
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Find out more about this course.
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| UCT Sectional Title Scheme Management course |
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Registrations close: 5 December 2014
Students will learn the legal requirements involved in sectional title
scheme management. Benchmark course is sectional title management.
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Find out more about this course.
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| Sectional Title Specialist Estate Agent course |
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Registrations close: 30 January 2015
Students will learn about the legal
aspects of sectional title property sales. They will gain an
understanding of the various consumer protection provisions and a
knowledge of the scheme management provisions that apply to the transfer
of sectional title property.
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Find out more about this course.
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| Home Owners' Association Management course |
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Registrations close: 30 January 2015
Teaches students the legal, financial,
physical and administrative aspects of home owners’ association (HOA)
management. Course material covers HOAs established as non-profit
companies and common law associations.
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Find out more about this course.
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