June 7, 2024 · 3 min de lectura
The chair sells their flat halfway through the term: now what?
The role of chair is tied to being an owner: whoever sells ceases to be eligible to be chair.
What legal practice says
On transferring the property, the chair ceases (they cannot hold a role reserved for owners). The community must appoint a replacement — there is no such thing as an "eternal acting chair".
The orderly handover
- A brief extraordinary meeting (the outgoing chair can call it before the sale, or the vice-chair if there is one): a single item, appointing a new chair.
- Minutes with the appointment and signatures.
- The bank: updating the signatories with the new minutes.
- Handing over the "role kit": access details, papers, contracts, the state of the accounts and what is outstanding.
If nobody calls a meeting
Any owner can promote the notice (25% of the shares forces it). And at the limit, a court can appoint a chair at the request of any resident — but getting there is a collective failure avoidable with a twenty-minute meeting.
The lesson
The communities where the handover is traumatic are the ones where everything lived in the chair's head (and drawer). When accounts, minutes, contracts and history are organised and accessible, the handover is a formality — whether it comes from a sale, a rotation or plain exhaustion.
Stop reading about managing. Try it.
Step into a sample building with everything working and try it yourself.