What is a quorum and what happens if one isn't reached?

A quorum is the minimum number of eligible voters required to be present at a meeting for its decisions to be legally valid. For a general meeting, a quorum is typically at least 25% of the lots in the scheme represented — in person or by proxy. For a committee meeting, a quorum is usually a majority of the committee members. If a quorum is not reached at an AGM, the meeting is adjourned and reconvened at a later date. At the reconvened meeting, decisions can generally be made regardless of how many owners attend. This means that in a scheme where most owners are disengaged, a very small number of active participants can effectively make all decisions. It is a strong reason to attend or submit a proxy even if you cannot be there in person. This article is general information only and not legal advice.