For those who live in apartment buildings the Victorian legislation that governs the operation and administration of an owners’ corporation (OC) is so slow and antiquated, that it’s no wonder that more and more apartments are becoming vacant and more and more owner occupiers are moving out.
Firstly, why bother turning up to the building’s annual general meeting (AGM)? To get a quorum, more than half of the building has to attend. In larger buildings, that almost always never happens.
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