What is the Process of Changing the Owners Corporation? Before we begin the process to Change Owners Corporation, let us first understand what role does owners corporation manager or a body corporate manager play. The owners corporation managers are the professionals who are responsible for all types of administration work involving the responsibility of maintaining the buildings and common areas. The managers are experts in their field and have the skill and knowledge to administer and carry out the different tasks in accordance with the complex legislation of the state. They coordinate the affairs of unit owners including conducting meetings, arranging the property maintenance, advising on asset management, keeping financial accounts and solving issues of the property managers.
But, if the entrusted responsibility is not fulfilled properly by the manager, you may need to change and replace them. A general process that is followed to Change Owners Corporation includes:
1. 2. 3. 4. 5.
To obtain a quote for new management To view your existing agreement To submit a motion to the owners corporation To vote on the matter To handover and carry out the information transfer