Composition of the joint management body
The joint management committee shall consist of the developer and not less than 5 and not more than 12 purchasers who shall be elected at the Annual General Meeting of the body. (see sec 11(2) of the Act).
- From among the members of the committee elected under sec 11(2) of the act, there shall be elected a chairman, a secretary and a treasurer. (see sec 11(3) of the Act).
- It is the duty of the joint management body to inform the commissioner of buildings the name of the body within twenty eight days of the first meeting. (see sec 7(1) of the Act).
Purchasers who are present at the first AGM and who have paid maintenance charges in respect of their parcels to the building maintenance account of the developer are entitled to vote. (Note: Joint purchasers shall not be entitled to vote except by way of a jointly appointed proxy). (See sec 6(2 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.