site.btaParliament Facilitates Decision-making Process in Condominiums
Parliament on Friday passed conclusively amendments to the Condominium Management Act to make the decision-making process easier, reducing the quorum for a general meeting from 67% to 51% of the undivided shares of the common parts of the condominium.
Where the required quorum is not present, the general meeting shall be adjourned for one hour and shall be deemed to be lawful if not less than 26 % of the undivided shares of the common parts of the condominium are represented at the meeting and not 33 % as at present, the amendments state. It is envisaged that the general meeting may also be held in mixed mode - in person and online by videoconference, as well as in absentia by a declaration signed by hand or by a qualified electronic signature.
The revisions also introduce a public electronic register of professional managers, management boards and owners' associations at the Ministry of Regional Development and Public Works.
By a decision of the General Meeting held, by a quorum of 50% plus of the undivided shares of the common parts of the condominium, the authorities of the Management Board (Manager), or parts theoreof, may be assigned to a professional manager-tradesman registered in the register of the Ministry of Regional Development.