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Ripvanwinkle

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  1. Sometimes the management of a condominium wants to make improvements and try to raise the money by increasing the management fees, but are unsuccessful.

    The problem is that at a General Meeting 50% of the total voting rights are needed in favour of the proposal to increase the management fees and at a second General Meeting, called within 15 days of the first meeting, one-third of the total voting rights are needed in favour of the proposal.

    At many condominiums these percentages can never be achieved. Often, there are not even 50% and one-third of the voting rights represented at the meetings, respectively.

    So the management can never find the funds to do repair work and the buildings fall into a state of disrepair.

    The problem could be solved by an amendment to the Condominium Act reducing the percentages of voting rights needed. There was a reduction in 2008 by Condominium Act Nr 4 from 75% to 50% for the first meeting and from 50% to one-third at the second meeting, but these reductions have been insufficient to get the votes needed.

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