What resolution is needed to appoint an Executive Managing Agent(EMA)? And how do we terminate the contract again?
If no-one is willing to be the Trustees of the Body Corporate it is possible to appoint an EMA. You just need to get a special resolution passed by the Body Corporate.
PMR 28
- The body corporate may, by special resolution, appoint an executive managing agent to perform the functions and exercise the powers that would otherwise be performed and exercised by the trustees.
If the owners wish to terminate the EMA contract they would need to sign a petition (at least 25% of the owners in PQ) and request the EMA to call a meeting to pass another special resolution to terminate the contract with the EMA and appoint Trustees again.