A Simple Guide to Owners Corporation Resolutions
In this article we explain the different types of Owners Corporation resolutions and which type of resolution is required for common Owners Corporation decisions. What is a resolution? A resolution is a legally binding written and recorded decision made by an owners corporation either at a meeting or by ballot. Ordinary resolutions Most resolutions made in owners corporations are ordinary resolutions. They are passed by a majority of votes either at a meeting or via a ballot. The committee of management is delegated the power to make ordinary resolutions on behalf of the owners corporation. For example, an ordinary resolution is used to confirm the accuracy of minutes, elect a committee, approving financials and more. Unanimous resolutions A unanimous resolution is passed by all lots voting in favour of a resolution. It is required for the following: Changing the plan of subdivision (including changes to lot liability and/or entitlement). Disposing o...