An Ontario condominium corporation proposes to amend its declaration to change the percentages in which owners contribute to the common expenses. Under the Condominium Act, 1998, what written owner consent does the amendment need?
Correct Answer
C) Written consent of owners of at least 90% of the units
Section 107(2) of the Condominium Act, 1998 requires written consent from owners of at least 90% of the units for an amendment that changes the common-expense proportions (a matter listed in s. 7(2)); most other amendments need 80%. The board must also approve the amendment by resolution and hold an owners' meeting, and the amendment has no effect until it is registered (s. 107(7)).
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An Alberta condominium corporation wants to end the condominium status of its building so the property can be sold to a developer. Under the Condominium Property Act, how can condominium status be terminated?
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An Ontario condominium corporation's annual budgeted common expenses are $800,000. The board proposes a $500,000 addition to the common elements that is not needed for safety or to meet a legal requirement. Under the Condominium Act, 1998, what approval does the corporation need?