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Paddocks Press - January 2021
25 Feb 2021 12:00 am
This edition includes: Approving additional water heating systems on common property; dipping into the reserve fund; video surveillance; and can a member refuse to use the biometrics access control system?
Paddocks Press is a monthly free digital newsletter published to educate and update the sectional title community. In this issue (Volume 16, Issue 01):
The theme for the January newsletter is Covid-19: Safety within the community scheme common property . Graham discusses Video surveillance in sectional title schemes in the Blog post.
How to approve and insure additional water heating systems on common property - Mike Addison
Using solar geysers or panels to heat water is becoming more and more common in community schemes, as up to 50% of household electricity costs can be consumed by heating water. In addition, owners who have geysers inside their sections may be keen to move them outside, onto the common property where any leak will cause less damage.
In this article Mike discusses the implications of this, insurance policies, the role of the insurance broker in guiding trustees , adopting acceptable standards, and suggests four steps to success.
The Global Pandemic putting stress on your schemes finances? - Ané de Klerk
It is undeniable that the COVID-19 pandemic has placed previously unimaginable stress on our country’s economy and its people. The owners of units in sectional title schemes are certainly not exempt from this grim reality and therefore bodies corporate are increasingly facing a situation where their members are falling behind with the payment of their contributions.
However, dipping into the reserve fund is not the answer as the Sectional Titles Schemes Management Act very clearly dictates that there are only two circumstances under which one may make payments from the reserve fund. Ané discusses these and the implications.
Club questions and answers - Paddocks Club Team
With all the interesting questions on the Club, we decided to share the following two with you:
- Can a member refuse to use the biometrics access control system?
- Are trustees or estate managers responsible to enforce lockdown regulations within community schemes?