› Flat Chat Strata Forum › Common Property › Selling or leasing common property › Current Page
30/06/2011 at 9:59 pm
#13113
I think, in fact, all it requires is a special resolution (75 percent) but you have to make sure that no one is being unfairly disadvantaged ( I think the term is “defrauding the minority”). In other words, if there is a benefit to some owners in buying common property, a fair amount has to flow back to all owners, even if the majority agrees otherwise. That’s why the Supreme Court established the formula described above.