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Change of Strata Manager

Change of Strata Manager

PROCEDURE TO TERMINATE YOUR STRATA MANAGING AGENT

PROCEDURE TO TERMINATE YOUR STRATA MANAGING AGENT

1

CONFIRM THE EXPIRY DATE OF YOUR CURRENT MANAGEMENT AGENCY AGREEMENT

1

CONFIRM THE EXPIRY DATE OF YOUR CURRENT MANAGEMENT AGENCY AGREEMENT

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2

IF YOU ARE A MEMBER OF STRATA COMMITTEE –
CONSTRUCT A LETTER OF REQUISITION TO CONVENE AN EXTRAORDINARY GENERAL MEETING FOR THE PURPOSE OF TERMINATING THE CURRENT MANAGING AGENT. THIS LETTER MUST BE SIGNED/REQUESTED BY AT LEAST 50% OF THE TOTAL NUMBER OF STRATA COMMITTEE MEMBERS.(LETTER OF REQUISITION FORM)

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2

IF YOU ARE A MEMBER OF STRATA COMMITTEE –
CONSTRUCT A LETTER OF REQUISITION TO CONVENE AN EXTRAORDINARY GENERAL MEETING FOR THE PURPOSE OF TERMINATING THE CURRENT MANAGING AGENT. THIS LETTER MUST BE SIGNED/REQUESTED BY AT LEAST 50% OF THE TOTAL NUMBER OF STRATA COMMITTEE MEMBERS. (LETTER OF REQUISITION FORM)

3

IF YOU ARE A LOT OWNER OF THE OWNERS CORPORATION –
CONSTRUCT A LETTER OF REQUISITION TO CONVENE AN EXTRAORDINARY GENERAL MEETING FOR THE PURPOSE OF TERMINATING THE CURRENT MANAGING AGENT. THIS LETTER MUST BE SIGNED/REQUESTED BY AT LEAST 25% OF THE TOTAL NUMBER OF FINANCIAL LOT OWNERS WITH A UNIT ENTITLEMENT. (LETTER OF REQUISITION FORM)

3

IF YOU ARE A LOT OWNER OF THE OWNERS CORPORATION –
CONSTRUCT A LETTER OF REQUISITION TO CONVENE AN EXTRAORDINARY GENERAL MEETING FOR THE PURPOSE OF TERMINATING THE CURRENT MANAGING AGENT. THIS LETTER MUST BE SIGNED/REQUESTED BY AT LEAST 25% OF THE TOTAL NUMBER OF FINANCIAL LOT OWNERS WITH A UNIT ENTITLEMENT. (LETTER OF REQUISITION FORM)

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4

ON THE DATE OF THE EXTRAORDINARY GENERAL MEETING, THE MOTIONS TABLED AT THE MEETING AGENDA MUST BE RESOLVED, AND A TERMINATION NOTICE CAN THEN BE SERVED, SUBJECT TO THE CURRENT MANAGEMENT AGENCY AGREEMENT. THEN ADVISE YOUR CURRENT AGENT TO CLOSE THE BOOKS AND RECORDS AND HAND THEM OVER TO THE NEW AGENT.

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4

ON THE DATE OF THE EXTRAORDINARY GENERAL MEETING, THE MOTIONS TABLED AT THE MEETING AGENDA MUST BE RESOLVED, AND A TERMINATION NOTICE CAN THEN BE SERVED, SUBJECT TO THE CURRENT MANAGEMENT AGENCY AGREEMENT. THEN ADVISE YOUR CURRENT AGENT TO CLOSE THE BOOKS AND RECORDS AND HAND THEM OVER TO THE NEW AGENT.

5

CONTACT YOUR NEW STRATA MANAGEMENT AGENT TO ARRANGE THE COLLECTION OF RECORDS FROM THE TERMINATED AGENT.

5

CONTACT YOUR NEW STRATA MANAGEMENT AGENT TO ARRANGE THE COLLECTION OF RECORDS FROM THE TERMINATED AGENT.

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