Rights of Assembly .... New management company
Posted: Tue 24 Sep 2019 7:15 am
Just need a little help ...... I am over in the TRNC at the moment and a group of owners on the site where I have bought have organised a meeting regarding setting up an assembly to take over our existing management company.
I remember a couple of years ago that the law changed regarding over taking a management company and creating your own but can’t find anything about it.
Before I go to this meeting I would like to be informed of how it all works as they will be asking us to vote but at the moment I don’t have enough information and what I have been given I would like to verify.
This group of owners have been working with a Law firm to form a news owners assembly which is governed by strict TRNC laws so I just need to know if anyone else has any information regarding setting up an owners assembly to overtake an existing management company as not all owners will be at this meeting which worries me as I would have thought that all owners should be entitled to vote but it appears not.
One question I would really like to know is ....Do they only need a certain percentage of votes to overtake an existing management Company.
Thanking you all in advance.
I remember a couple of years ago that the law changed regarding over taking a management company and creating your own but can’t find anything about it.
Before I go to this meeting I would like to be informed of how it all works as they will be asking us to vote but at the moment I don’t have enough information and what I have been given I would like to verify.
This group of owners have been working with a Law firm to form a news owners assembly which is governed by strict TRNC laws so I just need to know if anyone else has any information regarding setting up an owners assembly to overtake an existing management company as not all owners will be at this meeting which worries me as I would have thought that all owners should be entitled to vote but it appears not.
One question I would really like to know is ....Do they only need a certain percentage of votes to overtake an existing management Company.
Thanking you all in advance.