In a strata scheme, what majority is typically required at a general meeting to pass a special resolution for major changes such as adding to common property?
Correct Answer
D) 75% by value and number of lots entitled to vote
Special resolutions in strata schemes typically require a 75% majority calculated by both the number of lots and the unit entitlement value of those lots. This dual requirement ensures that both numerical majority and value-weighted majority support significant decisions affecting the scheme.
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In a strata scheme, the owners corporation wishes to make a special resolution to change the by-laws. What is typically required for this resolution to pass?
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