Block Management - Annual General Meetings
Ensure your annual general meetings are managed correctly with a block management annual general meeting management service.
What is an annual general meeting?
An AGM is simply a General Meeting of members that is held annually. Ordinarily, it is between the building owners and stakeholders such as tenants or shareholders of the building.
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Meetings must be given 14 clear days’ notice or a longer period before a meeting can take place. It should also be advertised widely so all parties are aware of the upcoming meeting.
What is the purpose of annual general meetings?
The purpose of annual general meetings can vary depending on the type and size of the building. Common discussion points include:Â
- Reviewing the property’s 12-month financial performance: the AGM is an opportunity for owners to review financial statements and discuss any issues related to the past year.Â
- Electing or re-electing members of the management committee may also be part of the agenda: property owners may vote on the election or re-election of members of the management committee responsible for the property.Â
- Approving budgets and service charges: property owners may vote on the approval of the annual budget for the property and setting service chargesÂ
- Discussing and voting on important issues related to the property: property owners may discuss and vote on important management or maintenance issues, such as repairs or renovations that are needed.
- Providing a forum for property owners to raise concerns: the AGM provides an opportunity for concerns or questions about the management and maintenance of the property to be raised by both shareowners and occupiers.
AGM Meetings
How you can be helped before the AGM?
There are several ways in which property owners and management committees prepare for AGM meetings. Some of the ways you can be helped include:
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- preparing and providing financial reports
- providing maintenance reports
- assisting with budget preparation
- facilitating communication, ensuring everyone is aware of the upcoming meeting
- providing guidance and support for complex issues
How you can be helped during the AGM?
There are several ways in which property owners and management committees prepare for AGM meetings. Some of the ways you can be helped include:
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- preparing and providing financial reports
- providing maintenance reports
- assisting with budget preparation
- facilitating communication, ensuring everyone is aware of the upcoming meeting
- providing guidance and support for complex issues
How you can be helped after the AGM?
There are several ways in which property owners and management committees can be helped after the completion of an AGM meeting, such as:
- implementing decisions that are made in the meeting
- providing updates on the progress of the actions that were decided on
- managing finances
- coordinating maintenance
- facilitating communication such as sending round the minutes of the meeting to all attendees
Why Choose a Block Management AGM meeting Service?
The team has many years of experience in block management. Over this time, the block managers on our panel have managed many buildings effectively, saving the building owners time and money.Â
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When using the annual general meeting service, you can expect a transparent, cost-effect and convenient AGM management result on your property.
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The team provides a service that is:
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- professional
- reliable & responsive
- knowledgeable
- located nationally and near you
- awarded/regulated
- corroborated by happy clients & positive reviews
Professional Standards
Our panel of experts are regulated by the following regulatory bodies including but not limited to: the Royal Institution of Chartered Surveyors (RICS), The Property Ombudsman (TPO), Society of Operations Engineers (SOE), Chartered Association of Building Engineers (CABE), Faculty of Party Wall Surveyors (FPWS), the International Real Estate Federation (FIABCI) and the Chartered Institute of Building (CIOB).
Get in Touch
Struggling to ensure your annual general meetings are managed correctly? Give us a call for a FREE Block Management annual general meeting management quote.