How does the participation quota (PQ) factor into the calculation of a scheme’s levies? The participation quota (PQ) of each unit in a sectional title scheme is based on the floor area of the section as specified on the sectional plan. The PQ determines the proportionate share of ownership interest that each unit has in […]
For many bodies corporate, this time of year signals AGM season. As managing agents set up annual general meetings (AGM) with trustees and other body corporate members, it is important that all the required documents and figures are ready for this important gathering.