› Flat Chat Strata Forum › The Professionals › Strata Management contract pre-signed before first AGM › Current Page
In Nsw the strata management contract cannot be longer than three years. Before the three year period , or before the expiration date of the contract, the owners need to renew the contract by a resolution at a general meeting. At that time the contract can be voted to another manager.
However looking at the acronyms in your post, I suspect that what has been enacted is a contract for a building manager. Building management contracts are not subject to any time limits. However, whilst the developer can propose a building manager, usually his mate, the contract needs to be confirmed by way of a resolution at the first agm.
Check the minutes of the first agm to see whether the contract was correctly resolved.