Which is an example of a mandatory milestone in condominium management?

The Annual General Meeting (AGM) is a mandatory milestone in condominium management. This meeting is a formal gathering where unit owners are given the opportunity to discuss and make decisions regarding the management and operation of the condominium corporation. It is required by law and typically must be held at least once a year. The AGM serves several critical functions: it allows for the election of the board of directors, provides a platform for financial reporting, and enables residents to raise concerns or proposals regarding the community's management.

In contrast, while monthly maintenance checks, weekly staff meetings, and quarterly financial reviews can be considered important aspects of condominium management, they are not legally mandated. Their occurrence is typically determined by the specific practices and policies of the condominium board or management company rather than by statutory requirements.