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?
Correct Answer
A) Owners of at least 66 2/3% of units voting in favour at a meeting
The $500,000 cost exceeds 10% of the $800,000 budget ($80,000), so the addition is substantial under s. 97(6). Section 97(4) and (5) then require owners of at least 66 2/3% of the units to vote in favour at a meeting called for that purpose. The notice route in s. 97(3) is only for changes that are not substantial.
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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?
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