Sections and Strata Management: It is important to note that a strate company and a section are different entities. The interests of one section may differ from the interests of other sections and the interests of Strata. If the outgoing postmaster has been informed of the change, he is legally required to send a copy of the notification to all owners with the minutes of the meeting. Your new post manager must then order all the key documentation, keys and passwords needed to enter the management of your schema. Check the exit details of your current contract to see how much notice you need to give to leave the contract. The duration of the contract is usually extended at your general meeting. You need the agreement of the owner company to change the position head, so you agree to a formal or informal meeting with the post committee to discuss the current issues with your current agent and confirm a majority for termination of the contract. Recbc plays an important supervisory role in regulating property management companies and managers in compliance with the Real Estate Services Act (RESA) and its rules. In other words, contracts and legal documents can often be confusing, here`s what you need to know about contractual obligations and how the process of appointing a new position manager works. Strata associations and the Real Estate Council of BC (RECBC) also advise strata companies to seek independent legal advice before signing a position management contract. Open a bank account, deposit your former post manager`s check, receive your papers from him/her and then you`re good to go.
Further mediation may be made by a section or contract to be negotiated with the strata management company, which recognizes the competing interests of the section (s) and the strata company. There is a widespread practice of extending building care or management agreements to the 10-year cap set by the Strata Schemes Management Act 2015 (SSMA 2015). However, in the recent case of Australia City Properties Management Pty Ltd / The Owners – Strata Plan No 65111  NSWSC 1505, Justice Darke found that the variation securities used to extend the term of the contract for more than 10 years, by adding options, were in fact limited to a 10-year term. Strata`s management contracts can be terminated without penalty for either of the contracting parties: the Real Estate Council of British Columbia (RECBC) is responsible for licensing, training and discipline of licensees, including Strata`s real estate managers and post management companies under the supervision of the Real Estate Services Act. If a posted agent`s contract is valid for up to three years, it automatically provides for the possibility of extending the contract by three months at the end of the period, with the agreement of the Strata committee. Talk to your Body Corporate Manager and ask for a copy of the current signed contract. Set a five-day working period to obtain the document. If nothing happens, you assume there is no written agreement.
Before accepting the office fee, the work council, section manager or owner promoters must ensure that fees are approved: contact our Body Corp`s team or consumer and business services for more information on self-administered postal rules and regulations.