Law #3270-IX of July 14, 2023
Status: the President signed the bill on July 14. It will come into effect on November 10, 2023
Who is affected: residents of Ukraine and housing cooperatives
Summary of the law:
- it will be allowed to participate in meetings of housing cooperatives remotely
- it will be allowed to use digital signatures to vote
- changes the majority of votes required to make decisions. The required number of votes in the condominium status cannot now be lowered below 50% and raised above 75% of the total number of votes of all co-owners. The statute of the condominium may not set a limit higher than 67% of votes for making a decision on the election of the governing bodies of the association, changing the form of management, establishing and changing the amounts of contributions/payments, approving the estimate
- housing cooperatives that approved their charters before the enactment of this law will be obliged to bring their charters in line with this law within three years starting from the end of the state of emergency or martial law in Ukraine
- the founding meetings of housing cooperatives in newly-constructed buildings can be held after the ownership rights to apartments and non-residential premises with a total area of more than half of the total area of all apartments and non-residential premises are registered. Before, the requirement was for half the number of all apartments and non-residential premises in the building to be registered.
What is right: it will be easier to manage housing cooperatives.
What is wrong: developers will be able to take control over housing cooperatives if they own large areas in residential buildings they constructed.
Alternative solution: amend the current law and return to its old version regulating the creation of housing cooperatives in newly-constructed residential buildings.