Quote:
Posted By JillC3 on 12/10/2012 7:44 PM
Our building has 24 units. Last year we held a vote to allow leasing. At that time there were two units in receivership and one in probate. We were told that we needed to have 51% of 24 units to pass the change. Is this true the 3 units had been abandoned and there was no-one interested in voting on their behalf (banks). It is my understanding that if we have a quorum then the majority of the quorum is all we need. Who is right?
Did this require amending the covenants?
Normally, the covenants themselves will provide the language for amending them. If you have 24 units and require 51% of the owners to approve, then you needed 13 owners to agree to the amendment. Someone somewhere owns those three units you mentioned and they cannot be removed from consideration just because you are uncertain who the owners are or where they are.
Note that I did not mention anything about votes or quorums or meetings. Typically an amendment to the convenants requires that the owners sign a document to approve the amendment and that the amendment and signatures be recorded with whoever records deeds in your locality.