1.   Know what is happening in your scheme:

Very often this is the one opportunity for owners to have insight into the management and administration of a community scheme.

The audited financial statements are presented to members for consideration, the budget is submitted for approval, insurance values are decided and trustees are elected.

2.   Direct input into the administration and control of a scheme by members

Members may direct scheme executives to fulfill certain tasks (eg investigating the feasibility of a solar installation) or place certain financial limitations on scheme executives in terms of expenditure.

3.   An opportunity to meet your neighbour

In today’s hectic society where people very rarely actually get to know and meet their neighbours, the Annual General Meeting could be the ideal place to do so!

4.   The ideal platform to share positive ideas and find solutions to challenges

In community schemes there would always be members that would be able to provide answers to a host of challenges facing the scheme and the Annual General Meeting would provide the ideal platform to come up with solutions that would benefit the scheme.

5.   The perfect occasion where you would be able to see the managing agent and possibly discuss any legislative changes

Members have their own careers and personal lives to worry about and would rely on the abilities of a professional managing agent to ensure that the scheme is administered in accordance with all the legislative requirements pertaining to community schemes and the Annual General Meeting is the perfect occasion to obtain the peace of mind that the community scheme is in good hands by engaging with the Managing Agent.