FAQs
What are three types of owners corporations resolutions?
There are three types of resolutions that are needed for the owners corporation to make decisions.
Ordinary resolutions – these require over 50% of the votes to pass and are needed for decisions such as:
- Building works
- Control of common property
- Election of a strata committee
- Setting the budget
Special resolutions – because these are decisions of greater significance, they require 75% of all members of the owners corporation to vote in favour on matters such as:
- special levies of more than twice the annual budget
- significantly altering or upgrading common property
- leasing or licensing common property
- making, amending or revoking rules
- commencing legal proceedings other than debt recovery or enforcing rules
- borrowing an amount that exceeds the annual budget
Unanimous resolutions – require all members of the owners corporation to be in favour about permanent changes to the subdivision of the strata, such as:
- selling common property
- altering lot boundaries
- amending lot liability and entitlement