In Queensland, a strata scheme wishes to terminate and sell the entire property to a developer. What is the minimum percentage of lot entitlement votes typically required for such a resolution?
Correct Answer
C) 80% comprehensive resolution including unanimous committee approval
Queensland's Body Corporate and Community Management Act requires an 80% comprehensive resolution for termination of a strata scheme. This high threshold protects minority owners from forced sale and ensures broad community support for such significant decisions affecting all owners' property rights.
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