What is the Managing Agents responsibility towards owners?

A Service Level Agreement is signed between the Agent and the client (Community Scheme) which sets out the duties and responsibilities of the managing agent. There is no specific Legislation which deals with the specific duties and responsibilitie...

A Service Level Agreement is signed between the Agent and the client (Community Scheme) which sets out the duties and responsibilities of the managing agent. There is no specific Legislation which deals with the specific duties and responsibilities of an Agent rather the Act advises about the Enforcement of Rules, collection of contributions etc. which is usually ceded to the Agent by the Community Scheme.