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 Condo AGM, Terms and rules to know

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TSilovestitch
post Oct 18 2020, 03:58 PM, updated 6y ago

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I have decided to attend the upcoming AGM of my condo, but i am quite confused with the jargon use when i reading the "NOTICE OF AGM "

1. JMB and MC , differences between these 2?
Usually so called "management office people" , are they JMB or MC? Committee members which comprises of owners, are they JMB or MC?

2. Proprietor and Proxy , what are the differences?
I think the proprietor is the unit owner, and what about proxy?

3. Who has the right to vote?

4. What is form of proxy?

5. do i need to register myself as proprietor before attending the AGM?

6. What will be the flow of AGM meeting? i dont want to be there and have no idea what to do totally.
stryfox
post Oct 18 2020, 04:23 PM

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From: sarawak


go to COB website. got very simple info to read
aurora97
post Oct 18 2020, 04:40 PM

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QUOTE(ilovestitch @ Oct 18 2020, 03:58 PM)
I have decided to attend the upcoming AGM of my condo, but i am quite confused with the jargon use when i reading the "NOTICE OF AGM "

1. JMB and MC , differences between these 2?
Usually so called "management office people" , are they JMB or MC? Committee members which comprises of owners, are they JMB or MC?

2. Proprietor and Proxy , what are the differences?
I think the proprietor is the unit owner, and what about proxy?

3. Who has the right to vote?

4. What is form of proxy?

5. do i need to register myself as proprietor before attending the AGM?

6. What will be the flow of AGM meeting? i dont want to be there and have no idea what to do totally.
*
Response

#1 - Joint Management Body and Management Corporation are the same. The major division between the two is that a Management Corporation is formed when the strata title is issued to the owners. As the issuance of title become more efficient (previously take years), we will gradually see less and less JMBs.

Management Office people are people who are employed by either the JMB or MC. To run a condo is not easy. Hight street managers are like Knight Frank and Ben Carlson.

#2 - Proprietor is the actual owner of the unit. This is reflected in the SPA and subsequently in your property title. Proxy is a person attending on behalf of the owner.

#3 - in case where the AGM is called by JMB - person who has paid all maintenance dues, proprietor or proxy. As for MC, one additional requirement is that the owner is on the strata roll, meaning you have paid for the transfer of the title in your name.

#4 - proxy form is to be completed by the person attending on behalf of the proprietor.

#5 - for proprietor, if you have paid your dues upto date (or before a cut of date). Some management will publish a list of name of proprietors who are eligible to attend AGM on noticeboard.

#6 - the flow is fixed actually but since it is held once a year... can't remember that welllar.





 

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