Skip to main content

Article (39)

The General Assembly shall pass its resolutions by the majority of the votes of those present in the following matters:

1. Authorizing to take resolutions that are sufficient for the approval of the majority of votes present.

2. Authorizing one of the Owners to make modifications to the Common Areas in accordance with the provisions of this Resolution.

3. Amending the ratios of distribution of common expenses and costs stipulated in the Articles of Association, if such amendment becomes necessary.

4. Applying Conditions for carrying out works imposed by laws or regulations.

5. Renovating the building in case of total or partial destruction, and distributing its expenses to the Owners.

6. Making an amendment, change or addition to the Common Areas if that would improve the use of them within the limits of what the Real Estate has been allocated for. The General Assembly in this case shall decide with the same majority the distribution of the works it has decided as well as the operating and maintenance expenses of what has been created.

7. Investing or distributing the funds returned from leasing, etc. on an annual basis, or keeping all or part of it as a reserve in the Owners Association bank account.

8. Approving the annual budget of the Owners Association.