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How do you count and value the developer's votes?

By Marga Baard on Tue, 27 Nov 2018 at 12:10

Good day. If the developer still has 7 units in a complex ( he let the units). How many votes does the person have?? Some say it is one(1) and for AGM 3(halve of 6). Kind regards


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RE: Votes

Murray Bennett replied on Tue, 27 Nov 2018 at 13:49

Each owners has one vote regardless of the number of units they own but the value of their vote is the total participation quota [PQ]of all their units.

RE: Votes

Graham Paddock replied on Thu, 29 Nov 2018 at 08:57

When an ordinary resolution is taken, the developer's votes are the total value of the participation quotas of the sections registered in his/its name, as votes are counted in value.
For a special resolution the developer has one vote in number and the value of that vote is calculated in the same way.

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