PROPERTY MANAGEMENT
All that the Executive Management Agent has to do in accordance with Prescribed Management Rules Annexure 1 , rule 28 ( 1 - 4 ) is provide a quarterly report to the owners , and do an inspection once every six months in order to provide this feedback .
There are concerns about the transparency of the EMA selection process at CSOS , and how they as industry regulators vet and choose the individuals selected for this recommendation . The matter was recently raised on an episode of Fitzanne ’ s Property Exchange , and there was a fair amount of concern about political barriers that preclude a lot of highly skilled candidates .
“ There is a vast difference between a Managing Agent and an Executive Management Agent , and a body corporate should only ever consider the appointment of the latter as the last resort .”
72 NOV 2022 SA Real Estate Investor Magazine