The attendance quorum defines the minimum attendance required to hold a General Assembly and take decisions for the co-ownership.
As a co-ownership, you can only legally start the meeting if a single or double quorum is reached at the beginning of the meeting:
- A double quorum means that more than half of the co-owners are present or represented at the beginning of the General Assembly, and that together they hold at least 50% of the shares of the co-ownership.
- A simple quorum means that the co-owners present or represented at the beginning of the meeting hold at least 75% of the shares of the co-ownership.
If the attendance quorum is not reached, you will have to postpone the General Assembly. How to do this properly?
- The building manager sends a new invite, indicating the date, the venue and the agenda of the new General Assembly. The agenda will be identical to that of the General Assembly that could not take place.
- The invites should be sent out at least 15 days before the new General Assembly (which therefore postpones the General Assembly by at least 15 days).
- If the attendance quorum is reached at this new General Assembly, it can take place as usual.
- If the attendance quorum is once again not reached, no worries! A General Assembly which has already been postponed can take place, even if the attendance quorum is not reached. The various decisions will therefore be taken by the co-owners present or represented, regardless of their number and the percentage of shares represented.