Paddocks Press – January 08

Paddocks Press is an ad hoc free digital newsletter published to educate and update the sectional title community. The current issue (Volume 3, Issue 1) has a number of articles of interest, including:

Trust money, trust accounts and managing agents - what are the basic rules? - Dr Gerhard Jooste sets about answering the following question in this article - "What are the legal requirements in South Africa pertaining to the keeping of trust monies by a Managing Agent, and are the abovementioned practices in accordance with these requirements?"

Sectional Title Survival Manual - January 2008 edition Now available in English and Afrikaans, this edition has been fully revised. The book retails at R265.

Advanced University Tuition for Sectional Title Practitioners This five-week course, offered in English by distance learning combined with a three-day intensive MBA-style workshop, will immerse students in advanced legal aspects of scheme management. It will equip them with advanced para-legal skills in the management of schemes and assist them to be highly competitive in the property management industry. The course is compiled and presented by sectional title specialists Prof. Graham Paddock and Judith van der Walt.

Previously disadvantaged scholarships UCT and Paddocks are offering 5 scholarships for previously disadvantaged individuals (PDI's) to this distance learning course on sales in sectional title property.

Back to basics with Judith van der Walt The powers and the misconceptions surrounding trustees and what they can do are analysed.

Q & A with the Professor - Professor Graham Paddock replies to two problems. In the first, he deals with the ability of a developer/chairman to exercise the rights of purchases under sale agreements when voting on a new conduct rule. In the other, he addresses the problem of an owner who has appropriated part of the common property next to his section by erecting a concrete panel wall on the scheme boundary.

Paddocks Press Vol 3, Issue 1