To voluntarily terminate a Condominium (GCA), what fraction of owners/mortgagees must vote in favor?

To voluntarily terminate a condominium in Georgia, it requires a supermajority vote, specifically the approval of at least four-fifths (4/5) of the unit owners. This high threshold is designed to protect the interests of a significant majority of owners and ensure that a small minority cannot unilaterally decide to dissolve the condominium, which could have significant implications for all owners involved. A 4/5 vote means that 80% of the unit owners must agree, reflecting a robust consensus required for such an important decision.

This requirement underscores the importance placed on collective agreement in condominium governance, as termination of the condominium association affects all owners' investments and rights within the community. Being aware of this voting requirement helps community association managers ensure compliance with legal standards when navigating such matters within condominium communities.