(1) The term of appointment (including any additional term under an option to
renew) of a strata managing agent for a strata scheme expires (if the term of
the appointment does not end earlier or is not ended earlier for any other
reason)--
(4) The term of
appointment of a strata managing agent may be extended by the strata committee
for successive periods of up to 3 months after it would otherwise expire (but
not for any period that would extend beyond the date of the next annual
general meeting of the owners corporation) pending a decision as to the
reappointment of the strata managing agent.
(a) at least 3 months before the end of the
term of appointment, and
(b) at least 1 month before the end of each
extension of a term permitted by this section.
(7) An instrument of
appointment of a strata managing agent for a period of 3 years (as referred to
in subsection (1) (b)) is taken to include an option for the agent to extend
the term of the appointment for a maximum period of 3 months after the end of
the term of 3 years, if the owners corporation decides not to reappoint the
agent and does not extend the term of appointment under subsection (4). The
agent must give the owners corporation written notice of the exercise of the
option.
(8) A strata managing agent is not entitled to exercise an option
under subsection (7) if the owners corporation gives the agent written notice
that the agent will not be reappointed at least 3 months before the end of the
term.