3.5.1 The very first executive committee meeting | Owners Corporation Network

3.5.1 The very first executive committee meeting

At the first executive committee meeting be very wary of approving long-term contracts. It may cost a little more to agree on short term contracts for key service provider  roles (1 year or less), but it will give you the opportunity to evaluate their quality and time to research the market alternatives and negotiate properly after the initial contract period is up.

Agree on motions to collect and check off all required and relevant paperwork and documentation from the developer, strata manager and council. Finally, if you only do one thing at these first meetings, resolve to research and appoint a building defects consultant. If any committee member is against this then you need to strongly question why.

Relevant NSW Legislation: Strata Schemes Management Act (1996)

Schedule 2, Part 2, Regulation 18 (3) Counting of votes on motions