This is why you can't miss your building's owner assembly this year

TL;DR

Owner assemblies in early 2026 will define budgets, administration fees, and investments for condominiums and buildings.
The meetings are crucial due to increasing labor and operational costs, including security, cleaning, and administration, alongside the minimum wage decree for 2026.
Approximately 50% of Colombia's 15 million urban homes are under the horizontal property regime, making these assembly decisions widely impactful.
Key decisions include approving the annual budget, setting administration fees, defining maintenance and improvement works, and considering extraordinary expenses.
Assemblies can also adjust internal rules of coexistence, modify regulations, and elect members of the administration council or fiscal auditor.
Valid deliberation requires a quorum of owners representing more than half of the property coefficients.
Ordinary decisions require a majority vote of half plus one of the coefficients present, while certain matters, like specific extraordinary expenses, require qualified majorities of 70%.
Not attending means forfeiting participation in decisions affecting monthly costs and potential additional contributions; some regulations impose fines for absence.
Owners can delegate their representation via a written power of attorney before the meeting.
Before attending, it's recommended to review the proposed budget, previous year's execution, overdue accounts, and current service contracts.

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