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manner in which different types of buildings
conduct themselves according to:
Shared Ownership Structures:
Listed below are the primary ownership structures for the residential sector:
Purpose of Governance:
Governance is used to determine:
Listed below are the key governance documents, listed by order of precedence:
Meetings and Decisions:
Listed below are the different types of meetings that are used to make decisions:
Listed below are some of the key steps in a governance review
Fig 1 . Low-rise building sectioned into commercial and residential
Fig. Every stakeholder has a perspective. ISO 55000 (ISO 55001) helps to align these with corporate and asset management objectives.
Fig. Annual timeline to illustrate the relationship beween the different types of meetings during the same calendar year.
Fig. Property sectioned into high-rise and townhouses.
Fig. The interaction of the budgeting and financial cycles represented graphically on an annual timeline.
Fig. Excerpt from an Air Space Parcel Agreement governs the cost sharing arrangement between the different legal entities within a building.
Fig. Some of the cycles associated with asset management.
Fig. 3: Cross-section view through a sectioned building.
Fig. I. Care is trying to get the owners to reach a decision at their general meeting.
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