Is a lump sum motion for legal expenses valid in strata?
At our recent AGM the Committee proposed the following motion:
Body Corporate Solicitors
That the body corporate seek advice as is required from time to time from the body corporate solicitors and other industry experts to assist the committee in relation to dispute resolutions, recovery of amounts owing to the body corporate, service contracts and Building Management Group issues at a cost not to exceed the major spending limit of the body corporate.
Our maximum spend limit is $395,000. Is such a 'lump sum motion' valid?