Open a bank account, deposit the check of your previous Strata Manager, receive your papers from him/her and then you can get started. For new posted developments, a team management contract may be concluded by the owner promoter: the owners in the development of the share title must meet annually, to approve the taxes,[17] approve the accounts,[20] the long-term maintenance plan and the fund (if applicable), [21][22] Changes to the organization`s rules (if any)[23] and the appointment of the corporate president and committee of the body ( if applicable). The organization may delegate most of its tasks to the Owners` Committee. [24] The entity may also enter into service agreements with respect to the management of the entity, usually to a specialized entity, the management company of the business, and the maintenance of buildings, including the appointment of a building manager. These service agreements must be authorized by the administrative rules. [16] The limits of your batch are indicated in your work plan and vary between schematics. Check that you have a contract with your body corporate manager. This agreement must be in writing and must not last more than three years. RecBC plays an important supervisory role in regulating strata of companies and property managers for compliance with the Real Estate Services Act (RESA) and its rules. If you do not have a copy of this contract, any owner can request a copy of the current strata manager.

If your manager is unable to provide a signed copy, there is no termination agreement. There have been many requests that associations of municipalities and posted systems are not satisfied with the building maintenance/management agreements put in place by the developer and what the association or programme can do against these agreements. Contract Advice: Strata Associations offer advice to Strata companies, which should be taken into account when awarding contracts for strata property management services. Check the exit details of your current contract to see how much notice period you need to give to leave the contract. The duration of the contract is usually extended at your general meeting. . . .