Are You Ready For Your AGM?

Discusses the preparations and considerations for a condominium's Annual General Meeting (AGM). It emphasizes the importance of effective planning and communication to ensure a successful and approachable AGM. The AGM provides an opportunity for unit owners, condominium managers, and professionals to discuss the previous year, ask questions, and vote on various topics. To prepare for the AGM, it is essential to schedule it within six months of the fiscal year-end and secure a suitable location. Notifications to unit owners, including a preliminary notice and a notice of meeting, should be sent out according to legal requirements. The article also highlights the importance of meeting attendance, as 25% of unit owners must be present or represented by proxy to avoid meeting cancellation. Overall, proactive planning and clear communication can make the AGM a valuable and collaborative event.