Owners Corporation Tip # 1

Changing Owners Corporation Managers

If your Owners Corporation Committee is not happy with the current Owners Corporation Manager and the Committee is considering appointing a new Owners Corporation Manager – ensure you do your due diligence!

Check the current OC Manager’s Authority/Agreement for expiry date. If you appoint another Manager whilst you are still in agreement with the current OC Manager – your Owners Corporation will be obligated to pay two management fees and legally you will have to continue paying the original Manager’s fees until the agreement expires!