AB 470

This bill provides that, if a single person or two or more persons acting jointly

by formal agreement have the power to unilaterally amend certain condominium

documents, a simple majority of unit owners may object in writing to an amendment

proposed by the person or persons. If a simple majority of unit owners objects, the

proposed amendment is void.

For purposes of an objection vote, a unit owner is entitled to one vote, regardless

of the number of units owned by the unit owner or the number of votes appurtenant

to the units owned by the unit owner, and the person or persons that proposed the

amendment are entitled to one vote, regardless of the number of persons, the number

of units owned by the persons, or the number of votes appurtenant to the units owned

by the persons.

Under current law, the following condominium documents may be amended as

follows:

1. A condominium declaration or plat may be amended by two-thirds of the

aggregate votes established in the declaration, unless the declaration provides for a

greater percentage.

2. Bylaws may be amended by 67 percent of the votes.