Paddocks Press – March 2021
The March 2021 edition of Paddocks Press is now available.
Sectional title levies – What am I paying for?
One of the primary complaints received from owners in sectional title schemes around the country is, “My levies are too high, what can I do?” In order to understand why levies can be considered “too high”, we first need to understand why levies, or contributions, are necessary in the first place. Please note that…
The global pandemic putting stress on your scheme’s finances? Why using the reserve fund is not the answer.
It is undeniable that the COVID-19 pandemic has placed previously unimaginable stress on our country’s economy and its people. The owners of units in sectional title schemes are certainly not exempt from this grim reality and therefore bodies corporate are increasingly facing a situation where their members are falling behind with the payment of their…
Q&A – 2020 12
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 a body corporate withhold a levy clearance certificate for levies due on another unit? Member’s question: Good day Paddocks, Can a body corporate withhold a levy clearance…
Two wrongs don’t make a right
One of the most frustrating tasks some trustees and managing agents have to tackle, is the situation where the body corporate finds itself in financial difficulty as a direct result of some of its members failing, and/or refusing to pay their contributions (commonly referred to as “levies’). It is from this place of frustration that…
Q&A – 2019 08
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! Who must open a new scheme’s administration fund account? Member’s question: Good day Paddock Team, With the establishment of a new sectional title scheme, who opens the administrative…
Q&A – 2019 07
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! Owner’s dog bit another’s dog: Must the body corporate get involved? Member’s question: Good day Paddock Team, We have an incident at one of the Sectional Title Schemes,…
But I didn’t agree to that!
Following the attention the concept of special levies has enjoyed in the media over the past few weeks, the question on every sectional title unit owner’s lips seems to be: “If I did not agree to a special levy being raised, how can the body corporate possibly add this additional amount to my levy statement?”…
To pay or not to pay – Are you allowed to withhold contributions?
When it comes to a dispute with the body corporate, we are often asked by an owner in a sectional title scheme, as to whether they can withhold payment of their contributions, until such time as their dispute has been resolved. The simple answer to this question is no! An owner cannot refuse to pay…
Levies – What you need to know
The Concept Whether you are an owner, a trustee, a managing agent or an attorney, you will agree that the contributions levied on members by the body corporate are essential to the efficient running of sectional title schemes. Often referred to as the “life-blood” of the body corporate, owners have to pay levies (now called…
What can be included in levy statements in sectional title schemes?
Previously, I wrote a blog post titled “Must the trustees send levy statements to owners in sectional title schemes?” which dealt with whether this is a requirement and if so, what needs to be included in the levy statement. With the adoption of the Sectional Titles Schemes Management Act 8 of 2011 (“the STSMA”) and the…