Trustees squander scheme money
By Paddocks An owner in a sectional title scheme objected to the idea of the body corporate building up a large cash reserve that the trustees could just squander. It … Continue reading
Top 5 tips for first time sectional title trustees
By Paddocks The trustees in sectional title schemes are elected at the annual general meeting (“AGM”) and very often the same people are elected year after year. Even if new … Continue reading
Improving your EUA – a few things to consider
By Zerlinda van der Merwe There is a common misconception amongst owners in sectional title schemes that they have the right to do anything to their exclusive use areas (“EUA’s”), … Continue reading
Trustees and their powers
By Zerlinda van der Merwe In our consulting department, we are often told by owners in sectional title schemes, that the reason they cannot do something they would like to … Continue reading
Bodies corporate need to budget for the education and training of the trustees
By Paddocks Trustees in sectional title schemes have many powers and duties as set out in the Sectional Titles Schemes Management Act, 8 of 2011 (“the STSM Act”). These powers … Continue reading
Levies – can it be determined only according to PQ?
By Zerlinda van der Merwe In the majority of sectional title schemes, contributions towards the administrative and reserve funds of the body corporate are raised and recovered in proportion to … Continue reading
Ways to increase income in your body corporate
By Paddocks Although a body corporate should not have “making a profit” as their primary function, it is notable that the trustees are tasked with doing all things reasonably necessary … Continue reading
Who and what is a body corporate?
By Zerlinda van der Merwe At Paddocks, we are frequently told by owners that the “body corporate” has told them to do, or not to do, something, or that they … Continue reading
Thinking Inside the Box 