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Paddocks Press - October 2014

13 November 2014

Paddocks Press is a monthly free digital newsletter published to educate and update the sectional title community. The issue (Volume 9, Issue 10) has a number of articles of interest, including:

Selling Sectional Property off Plan - Anton Kelly
Initial Owner's Concerns
We know that it is an opportunity to acquire a brand new property at a good price, with all the latest décor and finishes, where everything works properly and in a community that provides the facilities and services that suit the modern lifestyle. We also know that that there might be some pitfalls to being the first owners in the community.

In this article Anton discusses selling sectional property off plan.

CSOS Executives Meeting - Graham Paddock
Paddocks Club Video Tutorial
We do not usually share our weekly Paddocks Club Video Tutorials with anyone other than our Paddocks Club Community Members! However, this video is too important not to share.

Graham posted this video after meeting with Reverend Vukile Mehana, the Chairman on the CSOS Board, the newly appointed Chief Ombud, Mr Themba Mthethwa and Mr. Themba Mabuya, the CFO of the CSOS.

An Efficient Managing Agency Market - Craig Rowlings
Managing Agency Services and Fees Needs Greater Regulation
There is a never ending amount of work involved in managing a scheme and often the fee for monthly services are charged based on the number of units.

In this article Craig asks the question, "How can that possibly be an accurate assessment of cost when the actual management of a Scheme has so many dimensions to it, not simply the number of units?"

Thinking inside the box - Blog post - Jennifer Paddock
A Great Idea: Pre-purchase Reports for Sectional Title Properties
In Australia, when a person is looking to buy a strata property, it’s considered standard procedure for the prospective buyer to obtain a ‘pre-purchase report’. As the name implies, it is a report that the prospective buyer receives before officially buying a property.

In this post Jennifer discusses the things you could learn from a pre-purchase report as well as why it would be important to know that kind of information.

Carryn's Corner - Carryn Melissa Durham
Trustees Contracting with Third Parties on Behalf of the Body Corporate
What is required and what are the possible consequences when trustees enter into contracts on behalf of the body corporate with third parties?

This is the question Carryn explores in the latest article in Carryn's Corner.

Paddocks Club Q and A - Paddocks Club Team

  • Insuring Exclusive Use Area Structures
  • Non-Resident Owner's Right of Access

Paddocks Press Volume 9, Issue 10

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