Quote:
Originally Posted by GP_Matt
They have to be based on unit factor, but unit factor isn't set in stone. I can't remember the method for changing the unit factors but I suppose you wouldn't want to increase their unit factor for renting anyway, especially if there were a lot of rental units as it would increase their voting power.
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You can change the unit factors of a condominium by special resolution, requiring 75% of owners holding 75% of unit factors to vote. And you have to declare the basis for setting the unit factors on the condo plan.
Since a unit can change from owner occupied to rental and back again, there's no practical way the unit factor could be changed frequently enough to account for that.
The main complaints are damage and maintenance anyway, which a security deposit would be a bigger help with than an increased unit factor.