What can an owner achieve by attending the AGM?
The root cause of most serious disputes in schemes is money. At the AGM, members have the opportunity to discuss, and have explained to them if necessary, how their money was spent.The logical as well as stipulated second part of the financial discussion is the approval of the budget for the coming year. This is each owner's opportunity to make sure that the amounts approved are reasonable but realistic enough to avoid raising the spectre of a special levy.
A very common cause of dissatisfaction among owners
is the behaviour of trustees and the chairperson. Every owner is entitled to
nominate one or more persons – including him or herself – to serve as a trustee
and then, at the AGM, to vote for their election. There is no need to suffer
because of incompetent or overzealous trustees. The AGM is the opportunity for
owners to vote in people of their choice for this very important function.Once suitable trustees have been voted into office,
there is opportunity at the AGM to direct or restrict their activities. Any
owner may make such a proposal. Examples could be a limit on spending on a
single item without informing the owners beforehand; a direction that a
different managing agent be appointed; or any one of the trustees' tasks. But
bear in mind that the owners can't take away any function or power that is
given to the trustees in the Act or rules, such as the raising of a special
levy: the owners may only make restrictions on how the trustees go about that
function.Any owner who wants to influence a specific aspect
of scheme management is able to do so, but a single owner's influence is
limited. Lobby other owners before the AGM. One owner's views are easily
marginalised (however many proxies he or she might hold). If five voices are
raised on an issue, they become very difficult to ignore. If ten people
actively support an issue, even if they are eventually outvoted, they are
likely to make a permanent impression!
For more information on purchasing, renting or investing in commercial and industrial property in Cape Town, please contact Robert Ryll | Cell Number: 082 374 2662 | Landline: 021 552 4100 or Email: firstname.lastname@example.org
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