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Hi there hoping someone here can help.
I’m an owner in an apartment building. There are 30 units. 9 are owned by various owners and the remaining 21 are still owned by the original builder.
I’m trying to understand how voting works in this situation. When it comes to voting on decisions, does every owner get 1 vote (eg the builder gets 1 vote) or does the builder get 21 votes usurping all other owners?
Hoping someone here has experience with this?
In NSW.
Thanks
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Until the original owner’s or developer’s holding drops below 50 percent of the units (unit entitlements, actually), their vote is reduced to one-third of their current holding. In this case , they’d have a vote of 7.
Also, they are not permitted to vote on whther or not to investigate defects or appoint a surveyor to do so.
You’d do well to acquaint yourself with Sections 14 and 15 of Schedule 1 of the Strata Schemes Management Act 2015.
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