Question: What are the voting rights on a Strata motion mid-way through a unit’s sale process when contracts have been exchanged but are yet to be settled? Who is the voting party under these circumstances?
Answer: The voting party is the registered owner on the strata roll at the time the vote is conducted.
The voting party is the registered owner at the time of the vote being conducted. If you owned an apartment and I bought the apartment from you and we’ve exchanged, the settlement’s not due till September and a meeting is held in August, you will have the vote as the current owner. I don’t become an owner until I have settled. It’s the registered owner on the strata roll at the time the vote is conducted, being the time that the meeting is convened.
This post appears in Strata News #501.
Leanne Habib Premium Strata E: info@premiumstrata.com.au P: 02 9281 6440