Annual financial statements and the audit
By Zerlinda van der Merwe Two of the prescribed items of business to be dealt with at a sectional title scheme’s annual general meeting, is the consideration of the annual … Continue reading
Trustees? Meetings? What trustees and meetings?
By Anton Kelly “In our sectional title scheme, it seems there are no trustees, no meetings, and no input by the owners in its management. How can this be?” A … Continue reading
Trustee indemnity
By Zerlinda van der Merwe Each trustee of the body corporate stands in a fiduciary relationship to the body corporate, and its members. Section 40 of the Sectional Titles Act … Continue reading
Arbitration
By Zerlinda van der Merwe “When will mankind be convinced and agree to settle their difficulties by arbitration?” – Benjamin Franklin Prescribed Management Rule (“PMR”) 71 of Annexure 8 of … Continue reading
Press Release: CSOS and STSM draft regulations Consultation Process
By Professor Graham Paddock The draft regulations under the Sectional Titles Schemes Management (STSM) Act, No. 8 of 2011, and the Community Schemes Ombud Service (CSOS), Act, No. 9 of … Continue reading
“Bucket accounts” – Are they legal?
By Zerlinda van der Merwe Does your managing agent operate a centralised trust account, into which individual members, of each managed sectional title scheme, deposits their levy and other contributions? I … Continue reading
House rules in sectional title schemes
By Carryn Melissa Durham I often get asked questions about house rules. Recently a question was posted on the Paddocks Facebook page: In this blog post I will discuss the … Continue reading
Update on the third generation sectional title legislation
By Carryn Melissa Durham There has been lots of confusion regarding the third generation sectional titles legislation. Some of the questions I am often asked are: Are the new Acts … Continue reading
