Question: If I own 3 units, what are my voting rights at an AGM or any meeting?
Are you able to advise me if an owner in a Survey Strata Title’s Village owns 3 units what is their voting rights at an AGM or any meeting do they have the right to have three votes? the act is a bit confusing so we want to be sure to advise the owner it is a vote per property that the owner would have 3 votes or it is a vote per owner would be one vote.
Answer: As with any strata scheme, if you have 3 Lots you have 3 votes.
As with any strata scheme, if you have 3 Lots you have 3 votes.
The Unit Entitlement (UE) values for a strata scheme are based on the capital improved value whereas the in a survey-strata scheme the UE is based on the unimproved land value.
When voting an owner may request that the counting of any votes is done by adding up the UE value of each Lot prior to the vote being put. In most instances the voting would be done by a show of hands unless a “Poll Vote” has been requested.
The counting of poll votes can be very time consuming especially for very large strata schemes.
This post appears in Strata News #511.
Shane White Strata Title Consult E: shane.white@stratatitleconsult.com.au