Q: Am I understanding the “Modification of Protective Covenants” correctly?
The covenants for our subdivision state: “these protective covenants shall be binding upon all persons owning land in the subdivision. They shall be modifiable by a 2/3 vote of a majority of the owners of lots in the subdivision (one vote per lot).”
There are owners that own up to 3 or 4 lots and others that own 1 lot. 31 lots total among 16 owners. Does this section of the covenants mean 2/3 of 16 people (for 16 total votes) or each owner truly gets 1 vote per lot (a total of 31 votes because there are 31 total lots)?
A:
It most likely means 21 lots must vote in favor.
Owners with more than a single lot can cast one vote per lot they own.
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