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UCT (Law@Work) Sectional Title Scheme Management workshop We held the Cape Town workshop last week. Here is a picture of the student group:
June Sectional Title Survival Manual special
During June 2011 only:
Socialise with us Join our Facebook Page and follow us on Twitter for free regular sectional title information and education:
We would like to thank Quirk for the use of their newsletter template.
Meet the team
Contact details
Website:
www.paddocks.co.za
4th floor Fairland House |
May 2011 (Volume 6, Issue 5)
Dear Paddocks Press Fan,
Graham P.S. The August Home Owners' Association Management course will include updates from the new Companies Act. 
Companies Act No. 71 of 2008
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Now in operation
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The new Companies Act that came into effect on 1 May 2011 has been described as "a revolution for South African corporation law". The Act is much more accessible than its predecessor, being drafted in plain language and logically structured. Graham's principle interest in the Act is its effect on home owners’ associations that were established as section 21 (now "non-profit") companies.
In this article, Graham will give a very brief overview of this newly implemented legislation. (reading time: ± 2 mins)
Exclusive use area costs
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Who pays the costs related to EUAs?
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Owners of units in sectional titles schemes are responsible for the repair and maintenance of their sections but share the general costs of running the scheme. In addition to owning their sections, owners may also hold rights of exclusive use over portions of the common property. Exclusive use areas can also be areas or facilities used not just by one owner, but by groups of owners.
In this article, Anton explains how costs related to exclusive use areas should be attributed. (reading time: ± 1 min)
Exchange rate effect on property
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How exchange rates affect the SA property market
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Exchange rates are the price of one currency in terms of another. Therefore, just like with the price of any other good, it will fluctuate with supply and demand. In South Africa, we always state the exchange rate as the price of buying one unit of the foreign currency. When applying the effect of the exchange rate to the property market, we need to separate foreign and local demand. We also need to make a distinction between the short run and the long run.
In this article, Pierre looks at the effect that the exchange rate has on the local and foreign property market in South Africa. (reading time: ± 1 min)
Q&A with the Professor
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Monthly Q&A
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This month, we cover the following topics in our Q&A section:
• Liability for medical expenses arising from injury on common property
• Voting by spouses married in and out of community of property (reading time: ± 2 mins)
Upcoming training
UCT (Law@Work) Sectional Title Scheme Management course
Registrations close: 10 June 2011
Be equipped to manage sectional title schemes according to the legal aspects of scheme management with this benchmark course.
Click here for further details on this
course.
Home Owners’ Association Management course
Registrations close: 29 July 2011
Learn all about the legal aspects of home owners’ association (HOA) management.
Click here for further details on this
course.
