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?
Correct Answer
A) 1.0%
Unit 45's share is its floor area divided by the total: 1,200 ÷ 120,000 = 0.01, or 1.0%. Under the Condominium Act, 1998, the declaration must state the percentage in which each unit contributes to the common expenses (s. 7(2), clause d), and owners pay in those proportions (s. 84(1)). That percentage does not set voting power: owners vote on the basis of one vote per unit (s. 51(2)).
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Previous Question
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?
Next Question
A developer is creating an Ontario condominium with both residential and commercial units and wants the commercial units to pay a larger share of the common expenses and to carry more votes. Under the Condominium Act, 1998, which part of this plan is permitted?