Florida Community Association Manager Practice Exam

What percentage of the total voting interest is required to approve material alterations to the common elements in a condo or cooperative?

1. 51%

2. 75%

3. 100%

4. 66%

The correct answer is: 75%

To approve material alterations to the common elements in a condominium or cooperative, a supermajority is required, which is typically set at 75% of the total voting interest. This threshold ensures that significant changes that could impact the community as a whole reflect a strong consensus among the owners. The need for a higher percentage than a simple majority is due to the nature of material alterations, which often involve substantial financial costs, changes to the aesthetics or functionality of common areas, or shifts in the living experience of all residents. Requiring 75% of owners to agree helps to protect the interests of all community members and ensures that decisions made truly represent the collective will of the community. This high percentage fosters thorough discussion, deliberation, and compromise among residents before any material alterations can proceed, thus maintaining harmony and accountability in the decision-making process within the association.