PMR (Prescribed Management Rule) 10 (1) Stipulates the following regarding Body Corporate Documents: ‘No document signed on behalf of the body corporate is valid and binding unless it is signed on the authority of a trustee resolution by — (a) two trustees or the managing agent, in the case of a clearance certificate issued by […]
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Selecting a Managing Agent – Tick the Important Boxes!
It is crucial to make informed decisions when selecting & appointing a Managing Agent, to ensure correct and efficient management of the scheme, in line with the Sectional Title Schemes Management Act, and in the best interest of all owners. Strictly speaking, Managing Agents take instructions from the Scheme Executives (Trustees), however a Managing Agent […]
Continue ReadingChairpersons’ Influence in Meetings
There is sometimes misconception about the Chairpersons’ role in Bodies Corporate. We will unpack the role & responsibilities of Chairpersons in various posts to better understand this position. Exercising Casting Votes The Chairperson can only exercise a casting vote in Scheme Executives’ (Trustees) meetings. Decisions are determined by majority vote of Scheme Executives (Trustees) where […]
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