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Dear all who may help us.
We live in a 6 units block, and 5 owners. We were in a process of changing strata. However when 4 of the owners are still waiting to see the agreement. Suddenly, the new agent told us the agreement was signed and affixed and it's never been mentioned on the minutes of any GM. We so then asked the agent for a copy of the agreement. And found out only the new agent and the one owner who owns the two lots (he's also the secretary of committee) has signed the agreement. The worse thing is, there's no fixed term period stated on the agreement, it only states that termination can only be applied by writing notice of 36 months in advance. Isn't it very unfair? Who would sign something like that? Does it mean if the body corporate doesn't give 36 months notice, the agreement will be valid forever?! There must be something going on between the owner who sign the paper and the agent, because the owner who signed the agreement owns the only commercial lots within our strata plan, all others are residential lots.
Shouldn't the agreement be signed by two of the owners before being affixed the common seal STRATA SCHEMES MANAGEMENT ACT 1996 – SECT 238? Please help, if the agreement is valid, we will be in nightmare. What should we do?!
BTW, me and another owner are also the committee members. There're total 3 CM.