Changes underway that will no longer require 100% of condo owners to agree on demolition
The Ministry of Justice announced plans on November 5 that would affect the the number of condo owners that need to agree before a building can be demolished, or its land sold.
Currently, if a condominium is severely damaged in a disaster and needs to be demolished, 100% of apartment owners must agree to the plan. If one person was against demolition, they could not proceed. However, for restoration or emergency repair work, the ratio of agreement required is 3:4, and for tearing down and rebuilding, the ratio is 4:5.Read more