Step 1: Assess Your Current Contract
- Review the existing management contract for notice periods and termination clauses
- Check if there are penalties or specific handover requirements
Step 2: Board Resolution and Owner Approval
- Trustees must pass a formal resolution to terminate the current agent
- In some cases, a general meeting and owner vote may be required (refer to your scheme rules)
Step 3: Appoint a New Managing Agent
- Research and interview local specialists (like Blueturret) with proven governance expertise
- Ensure the new agent understands sectional title law and offers transparent, accountable service
Step 4: Legal Notice and Handover
- Provide written notice to your current agent, following contractual notice periods
- Begin the 3–5 month transition process for due diligence and document transfer
Step 5: Financial and Operational Audit
- New agent conducts a thorough audit of legal documents, financial statements, and outstanding maintenance
- Resolve any debt, missing records, or compliance issues before full takeover
Step 6: Launch With Confidence
- New managing agent sets up specialized software for real-time tracking and transparent communication
- Owners receive regular updates and have access to all key records
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