An Ontario condominium declaration allocates Unit 15A a 1.2% share of the common expenses. The corporation's annual budgeted common expenses are $600,000. What does Unit 15A contribute each year, and how many votes does the unit carry at owners' meetings?
Correct Answer
B) $7,200 per year, with one vote for the unit
Owners contribute to the common expenses in the proportions specified in the declaration (s. 84(1)), so Unit 15A pays 1.2% × $600,000 = $7,200 a year. Voting is separate: s. 51(2) says all voting by owners is on the basis of one vote per unit, whatever the unit's expense share.
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The declaration of a 100-unit Ontario condominium sets each unit's share of the common expenses in proportion to floor area. Unit 45 has 1,200 square feet and all units together total 120,000 square feet. What percentage of the common expenses is allocated to Unit 45?