Tag Archives: rights and responsibilities
Your Rights and Responsibilities as a Condominium Owner
As an owner, you have rights and responsibilities, and you can participate in the affairs of the corporation.
You can:
* vote at general meetings
* elect board members
* review corporation records (e.g., financial statements, meeting minutes)
* request a meeting of owners
* add matters to a general meeting agenda
* get a court order to make the corporation carry out a duty required under the Condominium Act
* remove a director from the board with a majority of votes.
You must:
* pay your monthly common fees/special assessments
* maintain and repair your unit
* follow the condo’s Declaration, By-laws and Rules
* resolve disputes through discussion, mediation, arbitration and/or court order.
A condo owner’s rights of ownership are more restricted than other homeowners. You must abide by the provisions of the Condominium Act, as well as the corporation’s Declaration, By-laws and Rules.
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Contact the Jeffrey Team for more information - 416-388-1960
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Condominium Owners Survey Launched
McGuinty Government Committed To A Fair And Informed Marketplace
Ontario has launched an online survey to learn about the experiences of condominium owners across the province.
The survey, posted at www.ontario.ca/condos, asks condo owners about their experiences with buying and living in condos, as well as with condo corporations, boards of directors, repairs and maintenance, reserve funds and dispute resolution.
Condos are an increasingly popular form of home ownership and the survey will provide a broad snapshot of Ontarians’ experiences with condos. Information provided with the survey will help condo owners learn more about their rights and responsibilities under the Condominium Act and the survey results will also help inform government.
Condo owners can also receive more information about the survey through their local Member of Provincial Parliament’s (MPP) office or by calling the Ministry of Consumer Services toll-free at 1−800−889−9768.
QUICK FACTS
Sales of condominiums in the Greater Toronto Area hit a record in the first quarter of 2010 according to independent research. Developers sold 5,415 new condos in the first three months of this year, up 491% (nearly six times more) from the same time in 2009.
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Contact the Jeffrey Team for more information - 416−388−1960
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