Paddocks Press is a monthly free digital newsletter published to educate and update the sectional title community. In this month's issue (Volume 11, Issue 01) the video welcomes us to 2016 and lets us know what we can expect in the upcoming Paddocks Press videos.
AGM Season - Zerlinda van der Merwe
In this article, Zerlinda covers all aspects of annual general meetings, "AGM". Prescribed Management Rule 51(2) provides that, unless otherwise determined at a general meeting, or by the trustees, the financial year of the body corporate shall run from the first day of March each year to the last day of February the following year. PMR 51(1) provides that an AGM shall be held within four months of the end of the scheme’s financial year.
Managing agent contract termination - notice confusion - Anton Kelly
In this article, Anton discusses the confusion around terminating a managing agent's contract for various reasons. The body corporate must give notice to the managing agent. There are actually two notification requirements, and this is where confusion can arise.
Blog post: Visitor parking bays in sectional title schemes - Carryn Melissa Durham
It’s no secret that parking creates many problems in sectional title schemes. This is especially the case in older schemes that were built in a time when not many people owned cars. Nowadays most families have at least two cars. The limited availability of parking bays in sectional title schemes has put great pressure on visitors’ parking bays.
Paddocks Club Q and A - Paddocks Club Team
Here are two interesting discussions held on Paddocks Club, in January:
- Should the pool area be seen as public or common area?
- Exclusive use area reallocation