Conditions for Organizing the First Condominium General Assembly

Accordingly, the conditions regarding the number of attendees at the initial condominium meeting are stipulated in Circular 02 as follows:

- For a meeting of an apartment building, at least 75% of the apartment owners who have taken possession must attend; in case the initial meeting is convened without 75% of the apartment owners attending, a second meeting is convened when at least 50% of the apartment owners who have taken possession attend. If the second meeting is convened and the required number of attendees is not met, the investor shall request the commune-level People's Committee (hereinafter referred to as the ward-level People's Committee) where the apartment building is located to organize the meeting as prescribed;- For a meeting of a condominium complex, there must be a sufficient number of people who have agreed to include the building in this condominium complex attending; in case the initial meeting is convened without the required number of attendees, a second meeting is convened when at least 50% of the people who agreed to include the building in the condominium complex attend; if the second meeting is convened without the required number of attendees, it is proposed that the ward-level People's Committee organize the meeting as prescribed, except in the case of establishing a separate building management board;- In case a building in the complex does not have enough attendees for the complex meeting after the second convening, the owners of that building can organize a condominium meeting to establish a separate building management board as prescribed.

For more details, see Circular 02/2016/TT-BXD, effective from April 2, 2016.

-Thao Uyen-

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