Dealing with rules and the minutiae of owning strata property can be tiresome – especially when your life is already busy enough! However, it’s important to be engaged on some level, otherwise changes can be made that fly past without you realising it!
For starters, here is why quorum matters at your general meetings.
Meeting your quorum
Quorum is the quota of the owners corporation that must attend general meetings for big decisions to be made. This should be half of the total members. If this is not reached, then only reduced quorum decisions can be made.
People often don’t attend these meetings because they are simply too busy, while others don’t have that much interest in the day-to-day operation of the Units Plan. However, it’s important to be involved – if not by attending yourself, then assigning a proxy to vote on your behalf. If you genuinely want to attend but can’t, you can cast an absentee vote instead of nominating a proxy as well.
Even if you are not present for a meeting, the owners corporation is responsible for carrying out changes that are decided upon – meaning you could have extra responsibilities you don’t know about.
At Civium Strata, we can handle a lot of these affairs, but it’s still a good idea to be engaged with the goings-on at general meetings. Making quorum is important for big decisions about the future of an Owners Corporation/Body Corporate, and most decisions will have an impact on your investment.
If you have any questions about getting a proxy in your stead at a meeting or want us to do something in particular, get in touch. We’re here to help make owning strata as easy as possible for you!
Please feel free to check out our Strata Sam education video “What Happens at an AGM” below.