Paddocks Press is a monthly free digital newsletter published to educate and update the sectional title community. The issue (Volume 10, Issue 6) has a number of articles of interest, including:
No reason to delay! - Anton Kelly
UCT Sectional Title Scheme Management short course
We have just wrapped up the 19th presentation of the UCT Sectional Title Scheme Management short course, and during the introductory part of the course workshops, the students introduce themselves, mentioning who they work for and why they did the course. It’s very interesting, because while many people do the course because their employers require it, many others say they did the course to increase their knowledge of sectional title management.
In this article, Anton explains why one should not wait to complete the UCT Sectional Title Scheme Management short course.
Body Corporate Insurance and Trustees - Björn Laubsche
Is your scheme isured to full replacement value?
Not only does the trustees’ duty entail selecting a suitable insurance advisor - preferably one that specialises in sectional title insurance - but also declaring the desired sum insured as neither the insurance broker, nor the managing agent can be expected to shoulder this enormous responsibility.
In this article, Björn talks about how important it is for the trustee to know if the scheme is insured to full replacement value.
Thinking inside the box - Anton Kelly
Timeline: from budget to levies
In this month's blog post, Anton settles an argument regarding which financial year’s budget is approved at the AGM.
The developer's reserved right - Zerlinda van der Merwe
Extension of a sectional title scheme
Paddocks have been presenting at the Estate Agency Affairs Board (EAAB) Continuous Professional Development (CPD) workshops currently being held across the country, and a question that has been raised on more than one occasion by workshop attendees, relates to a developer's reserved right of extension of a sectional title scheme.
In this article, Zerlinda discusses the developers reserved right in terms of section 25 of the Sectional Titles Act 95 of 1986.
Carryn's Corner - Carryn Melissa Durham
Some Aspects on the Annual General Meeting - Part 2
In the previous Carryn’s Corner contribution, Carryn discussed some important aspects on the annual general meeting (“the AGM”). In this contribution, she deals with some of the other important aspects of the AGM namely the quorum and the chairman.
Paddocks Club Q and A - Paddocks Club Team
- Non-executive trustees; and
- Voting, holding proxies, and disqualificationas trustee if in arrears