The pre-requisites for the establishment of the joint management body
The initial quorum (legal requirement) for establishing the joint management body is 25% of the purchasers having paid their maintenance charges and thereby having the right to vote at the 1st AGM meeting of joint management body.
It should be established upon the convening of the first meeting not later than twelve (12) months from the date of delivery of vacant possession of the parcels to the purchasers. All resolutions at the first meeting of the Body shall be decided by a show of hands. (See sec 6(2) & (4) of the Act).
This preview is an excerpt from the following publication. this publication for access to all the commentary and precedents.
Sale of Real Property - Step by Step Guide & Precedents
by By Lawyers For Lawyers author - Jayadeep Hari & Jamil
Overview
This step by step guide provides a comprehensive directory and convenient precedents which will help ensure a smooth and easy property sale.
This publication will guide you from the point of negotiation straight through to transfer of title. The guide includes practical commentary ensuring that no issues are overlooked together with a broad range of precedents.
All matters are covered including;
- Land Title Searches
- Bankruptcy Searches
- Essential preliminaries for property with OR without title
- Caveats
- Strata Title Act 1985
- Finalisation
This guide is written by lawyers for lawyers and consequently it is practical, efficient and easy to use.