What is the purpose of the Annual General Meeting (AGM) convened by the Owners' Association?

The primary purpose of the Annual General Meeting (AGM) convened by the Owners' Association is to appoint board members. The AGM serves as a crucial opportunity for property owners to come together to discuss the management and governance of the community. During this meeting, members of the Owners' Association are given the chance to vote on key issues, which includes electing or re-electing individuals to the board who are responsible for making decisions about the community's operations, finances, and overall management. This governance structure ensures that the interests of property owners are represented and that decisions regarding the community are made collaboratively.

The other choices do not capture the core function of the AGM. While discussing rental agreements and reviewing property prices might be relevant to property management, these topics are typically not the main focus of the AGM. Celebrating community events, although valuable for fostering community spirit, is also not a primary objective of such formal meetings. The emphasis on board member appointments underscores the importance of active participation and proper governance within the Owners' Association.