Question

Which one of the following resolutions at an annual or special general meeting does NOT require a 3⁄4 vote by the strata corporation? (1) A resolution to raise money by special levy based on the Schedule of Unit Entitlement (2) A resolution to waive the requirement to obtain a depreciation report (3) A resolution to ratify a rule limiting the hours of operation of the gym, which is common property (4) A resolution to approve non-emergency expenditures from the contingency reserve fund"

Answer 1

A resolution to ratify a rule limiting the hours of operation of the gym, which is common property, does not require a 3⁄4 vote by the strata corporation; it typically requires a simple majority.

Step-by-step explanation:

The resolution that does NOT require a 3⁄4 vote by the strata corporation among the options provided is a resolution to ratify a rule limiting the hours of operation of the gym, which is common property. General operating decisions such as setting gym hours typically require a simple majority or another type of majority as specified by the corporation's bylaws, which is often less than a 3⁄4 vote. In contrast, significant actions like raising funds through a special levy, waiving the requirement for a depreciation report, or approving non-emergency expenditures from the contingency reserve fund generally require the higher 3⁄4 voting threshold due to their financial implications and long-term impact on the strata corporation.

Learn more about Strata Corporation Voting Requirements