Commercial/non-residential strata lots are given proportional votes based on their area
Dear Tony: Our strata corporation held a special general meeting two weeks ago where we considered proceeding with a wind-up process.
At the meeting, 80.5% attending voted in favour of proceeding. As a commercial property owner, I was concerned by the procedures used at the meeting and the appointed real- estate person who chaired our meeting.Please explain the voting process for a wind-up and how votes are calculated.
The resolution, if voting entitlement had been applied correctly, would not have passed. An 80% vote, required to approve a wind-up proceeding, is 80% minimum of the total number of votes shown on the schedule of voting entitlement, who must vote in favour. Anyone opposed, not attending or abstaining on an 80% vote is opposed. Certified proxies are eligible to be represented and voted on behalf of the owners, and proportional votes of commercial units must be calculated.
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