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Condo Voting Explained
Question: What is the value of my vote if I own a condo unit?
Answer: Some condo regimes allot voting and liability on the basis of one unit one vote, while others use a proportional method -- the bigger your unit in terms of square feet, the bigger your vote. If you have a small unit, you probably prefer the one-unit, one-vote approach. If you have a large unit, you probably want proportional voting. For details, see property incorporation papers, declarations, by-laws, rules, regulations, and related paperwork.
Written by Peter G. Miller.
© 1997 Peter G. Miller. All Rights Reserved. Rules, Disclaimers & Notices.
Copyright © 2012 Realty Times. All Rights Reserved.
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