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Approval of the change by the majority of the unit owners


This question is submitted by Paul D. out of Florida


If our Condo Association wants to change from the Component Method to the Pool Method for calculating Reserves, must the majority of the unit owners approve this change at a meeting where a quorum is required for approval?

If so, is there a statutory requirement for this in c.718? And what is it? Thanks.




meadosw v2


Answers (2)

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