A Paddocks Sectional Title Lifestyle Blog
By Anton Kelly
Community scheme management is becoming ever more complex and demanding. Even five years ago, few people in the industry were overly concerned about the Consumer Protection Act, the National Occupational Health and Safety Act, the Promotion of Access to Information Act and a rash of other recent legislation that has affected the development, management and the sale of property in community schemes.
As the leader in online education of those concerned with community scheme management in South Africa, Paddocks has created a range of new courses and workshops that will equip concerned individuals with the skills and knowledge required to navigate the increasingly complex legislative demands placed on those concerned.
Community schemes run on money collected from the owners in the form of levies. The money must be collected, deposited into a bank account and paid out for scheme expenses. The new Community Scheme Financial Manager short course deals with proper bookkeeping methods, compliance with statutory financial requirements like the scheme’s tax obligations, unemployment insurance for its staff and how salaries must be paid.
The Community Scheme Occupational Health and Safety Manager short course covers what the scheme is required to do to comply with the Occupational Health and Safety Act regarding risk assessment, managing any hazardous conditions in the scheme, its machinery and equipment, construction projects, and how to prevent fires, prepare for them and what to do in the event of a fire.
While the executives in a community scheme are ultimately responsible for its proper management, the actual day to day management is very often carried out by a managing agent. There are many individuals who dream of starting their own agencies, some as small businesses, some for retirement income and some as entrepreneurs intending to build a thriving business. The Start and Manage a Sectional Title Managing Agency short course introduces the concept of entrepreneurship and focusses on the managing agency as a business, from identifying business opportunities, through financial and staff management to growing the business.
The most successful – and peaceful – sectional title schemes are those that were properly designed and developed with the long term benefit of the scheme itself in mind. Of course the developer needs to make a reasonable profit as well and hopefully, acquire a reputation as one whose schemes run properly and maintain their value. The Sectional Title Scheme Development short course covers the legislation specific to sectional title scheme development, the planning of how the scheme is divided into sections and common property (vital to the continuing health of the scheme) preparation of the sectional plan, the scheme registration process and finally sales and handover of the scheme to the owners.
These new courses will make a significant contribution to the achievement of our goal of providing skills and knowledge of real and practical value to those involved in community scheme management.
Click here to learn more about the new courses and workshops.
Image source: griffith.ie