› Flat Chat Strata Forum › The Professionals › Building facilities managers › How do we cancel a Caretaking Agreement › Current Page
17/10/2022 at 4:03 pm
#65858
Thx Kaindub,
The new Caretaking Agreement was signed in July 2017 with the appointment being 5 years with a 5 year option. The 5 year option was written into the contract and was applied for and accepted by the Strata Manager in April 2021. A far as I can ascertain reading the legislation they are allowed to take up the option of a further 5 years which can be approved by the Strata Mgr.
If they wish to transfer to another party ie sell, then this needs approval of the Strata Committee.
Cheers K