What is the purpose of the Annual General Meeting for condominium owners?

The purpose of the Annual General Meeting (AGM) for condominium owners encompasses addressing common issues and setting future goals. This meeting serves as a platform for owners to come together and discuss important topics affecting the condominium community. It allows for open dialogue among owners regarding issues that may need attention, such as maintenance concerns, community rules, or upcoming projects.

Setting future goals is also a crucial part of the AGM, as it allows the board and owners to establish their priorities and vision for the community over the next year. This could involve planning renovations, budgeting for community improvements, or initiating new programs that benefit all residents.

While the AGM may include elements like electing new board members, reviewing financial statements, and discussing management tasks, these components are primarily focused on the broader context of community engagement, shared decision-making, and strategic planning for the condominium's future. Hence, the holistic purpose of the AGM aligns with addressing common issues and setting future goals.