Executive
Managing Agent
Your Trusted Partner in Property Management
What is an
Executive Managing Agent (EMA)?
An EMA is a qualified managing agent appointed to perform all the functions and exercise the powers of the trustees of a body corporate, as outlined in Prescribed Management Rule (PMR) 28 of the Sectional Titles Schemes Management Act (STSMA)
Executive
Managing
Agent
What separates us from other service providers that offer Executive Management Services is that we have a legitimate Fidelity Fund Certificate issued by the Property Practitioners Regulatory Authority.
Duties of an EMA?
EMA qualifications and requirements:
Frequently Asked
Questions (FAQs)
An EMA is appointed by a special resolution passed by at least 75% of the members of the body corporate (both in value and number). If this cannot be achieved, members holding at least 25% of the total quotas may apply to the Community Schemes Ombud Service (CSOS) for the appointment of an EMA
While the EMA takes over the responsibilities of trustees, the scheme must still have at least the minimum number of trustees (two). However, a full trustee committee may not be necessary
The remuneration of an EMA is determined by the owners in the scheme, and must be agreed upon in the management agreement. It is not fixed by law.
We are already the Executive Managing Agents for more than 20 other schemes for example:
Greenstone Gate (368 units) with WPM as the EMA and Angor as the MA (yes, this can be done as WPM is a professional, ethical company).
Argyle Green (48 units) with WPM fulfilling the role of EMA and MA.
Common reasons include:
Desire for professional oversight and accountability
Difficulty in finding willing or capable trustees.
Poor management or internal conflict among trustees.
Yes, but it requires either:
A special resolution by the body corporate.
An application to CSOS if the EMA is not performing adequately.
Our Service Offerings
The Executive package includes the option of an Executive Managing Agent function which fulfills the roles and responsibilities of the Scheme Executives.
The Facilities package includes the Estate management function which is currently only offered in certain geographical areas.
The Comprehensive package includes all the services associated with the Basic package and adds to this management and secretarial services, attendance at the AGM, advice etc.
The Dynamic package includes all the services associated with the Comprehensive package and adds off-site maintenance assistance to our clients.
The Basic package provides all your accounting services and includes a website for the community scheme.
The Advisory package provides a consultation and advisory services to Community Schemes pertaining to legislative requirements, rules and engagement with the Community Schemes Ombud Services.
