Many people living in residential tenancies who have lost their jobs or their businesses or who have otherwise been impacted by COVID-19 have found themselves in dire financial circumstances and in danger of being evicted by their landlords due to being unable to pay their rent.
An owners’ corporation may appoint a manager to carry out any powers or functions it is able to delegate.
This enables the manager to make decisions on behalf of the owners’ corporation. The appointment must be in writing or through a written contract.
Both men and women who have recently retreated or have been forcibly ejected from a relationship are generally not in the best state of mind to make sound financial decisions.
It might be useful to set out a sort of checklist, incorporating the fundamental principles that at least ought to be considered in these circumstances.
If an Owners’ Corporation has a maintenance plan, then it must have a maintenance fund to cover the cost of works in the plan.
The Owners’ Corporation is required to report on implementation of its maintenance plan, if it has one, at each Annual General Meeting.
An owners’ corporation must hold a meeting of all lot owners if it receives or pays out money during the financial year. This is called the Annual General Meeting.
The Annual General Meeting is the main opportunity for lot owners to discuss issues concerning their property and elect the committee and office bearers for the next year.
A respiratory virus that broke out […]
Complaints to the owners’ […]
An owners’ corporation can only […]
Trustees of family or unit […]