Changing Your Owners Corporation Manager
Changing Owners Corporation manager is a decision that committees and lot owners sometimes delay, even when there are genuine grounds for concern.
The process is often more straightforward than people expect. Lavida manages the transition process to minimise disruption for committees, lot owners, and buildings.
Request an OC ProposalCommon Questions
Can we change our Owners Corporation manager mid-term?
Yes. Management agreements typically include termination provisions. The committee should review the current agreement to understand the notice period and any other requirements.
What happens to our funds and records when we change managers?
The outgoing manager is required to transfer all funds, records, and documentation to the new manager. Lavida manages this transition process to ensure a complete and accurate handover.
Do we need a general meeting to change managers?
This depends on the terms of the current management agreement and the relevant legislation. In some cases, the committee can make the decision; in others, a general meeting may be required. Lavida can advise on the appropriate process for your building.
How long does the transition take?
The timeline depends on the notice period in the current agreement and the complexity of the building. Lavida will provide a clear timeline as part of the proposal process.
What information do we need to provide?
The current management agreement, building details, and any specific concerns or requirements. Lavida will guide you through the information required during the initial discussion.
Ready to discuss a change of Owners Corporation manager?
Whether you are selling a property, managing an investment, preparing a business for sale, considering an acquisition, or reviewing your Owners Corporation arrangements, the first step is a clear conversation.