Which percentage of eligible voters is required to pass a special resolution in a condominium?

Study for the RECA Fundamentals Exam. Access flashcards and multiple choice questions with hints and explanations to prepare for your exam. Enhance your knowledge and readiness for success!

For a special resolution in a condominium context, the requirement for passage typically involves a higher percentage of approval than ordinary resolutions to ensure that a significant majority of owners agree to potentially impactful decisions. In many jurisdictions, a special resolution requires a 75% majority vote of eligible voters. This threshold is set to reflect the importance of the decision being made, as it often involves significant changes to the condominium's rules, governance, or financial commitments.

The requirement for a 75% vote ensures that the resolution has considerable support, which helps promote stability within the condominium community and prevents decisions from being made by a simple majority that may not reflect the broader consensus of the owners. This level of agreement is crucial in maintaining trust and effective governance in shared living situations like condominiums.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy