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Hello jimmy
The 12 month term of the Managing Agency Agreement of our Strata Manager expires in June this year, the review date being at each Annual General Meeting.
Under the terms of the Agreement the notice is no less than 3 months written notice before the expiry date. If not terminated, the Agreement continues automatically for successive terms until terminated, with the notice then being 3 months during the successive term. (This is all probably pretty standard?)
The Agreement states that “a notice can only be given by the owners corporation if authorised by an appropriate resolution of the owners corporation”. Does this siimply mean that at the next Annual General Meeting a quorum agreement is reached by the Owners Corporation to terminate the Agreement? Or, do all members of the Owners Corporation have to vote on this matter. Could you please advise of the exact procedure, so that we follow due process.
Heres a curly one! What we would actually like to do is replace our current Strata Manager (appointed by the developer) with another Manager in the partnership (who is known to us and comes highly recommended). Any clues on how to go about this?
Appreciate your help.
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