Many conflicts arise between co-owners on renovation of common parts. To solve this issue, flexibility is needed on the rules about the decision of renovation at the general meeting of co-owners. In other words, the majority of which must be achieved in order to approve renovations must decrease.
Justice Minister Koen Geens made a group of real estate experts and academics develop new, more flexible rules to implement renovation projects to apartment buildings in co-ownership.
Carrying out major works so far required a majority of three quarters of the owners. This threshold will be reduced to two thirds. For renovations that are imposed by law, a simple majority of 51 percent suffices. All rules of thumb can be found here.
These changes are good news for owners who have been advocating renovation since a long time. Now it’s just waiting for the approval of parliament.