We currently have 6 members in our management committee (was 7) but it has been pointed out to us recently by one of our owners than the Immoval Property Act 1993 says it should be a maximum of 5.
I can appreciate it is probably better to have an odd number to avoid no votes but am reluctant to let willing members go as it is difficult finding willing volunteers already. In addition one of our committee is selling their property and will leave the committee once sold, so we will get to 5 at some point in the future anyway.
Can you please tell me if the number is paramount to being legal as this make no sense or logic to me. I also understand that the regulations can be amended if more than 50% of owners agree so is this another way to keep our current number.
If you look at article 38I of the law the percentage of joint ownership "correspond to the proportion of the value of the unit in relation to the total value of all units of the building under joint ownership at the prices as at 1st January 1980."
Unit A has a 1980 value of €60,000
Unit B has a 1980 value of €100,000
Unit C has a 1980 value of €40,000
Total 1980 value - €200,000
Unit A has 30% of the joint ownership
Unit B has 50% of the joint ownership
Unit C has 20% of the joint ownership
So to get at leat 75% of the joint ownership to change the Regulations you need Unit B plus Unit A to vote in favour.
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