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The provisions of any of these documents cannot be inconsistent or contradict the provisions of a document above it. It regulates the creation, the ownership and the governance of condominiums. Legislation is adopted by Parliament. Most of us know that the Ontario Condominium Act is being amended as we speak.
Your guess is as good as mine as to when that will be. The province is presently working on regulations to supplement the Act.
The publication of the proposed regulations will provide very useful information on the exact effect of the new legislation. We already have numerous posts on Bill , which is the Act amending the Condominium Act. Condominium corporations are created by the registration on title of a declaration and description.
Once the declaration is registered on title, the Condominium Act applies to and regulates the condominium. The registration of the declaration is done by the developer, or more accurately, by the declarant. The declaration will, amongst other things, define the units and common elements of the corporation and specify the boundaries of each of them.
It will define the percentage of ownership of each unit and set the proportion pursuant to which each unit must contribute to the common expenses. The declaration also usually contains conditions or restrictions with respect to the use and occupation of the units and common elements. For instance, the declaration will determine whether some units can be used for commercial purposes.
Declarations could contain pet restrictions. They could also prohibit or limit smoking in units or on balconies. Smoking is already prohibited on common elements. Declarations therefore vary from one corporation to another but can be modified at a later date.
This is a high threshold, which is usually difficult to attain. A court will only make the correction if it concludes that it is necessary or desirable to make such a correction.
By-laws deal with the governance of condominium corporations ie. For instance, by-laws may deal with the qualification of condominium directors, their remuneration if any and their term of office. It may deal with the quorum required to hold meetings of the board or of the owners. It may grant a corporation with the power to borrow money. It may also define what constitute a standard unit for the purpose of determining the responsibility of repairing or maintaining improvements made to the unit.
By-laws can also govern the management of a property. By-laws may be passed, repealed or amended by the board of directors. If the idea of porcelain floor tiles, laminate hardwood, Berber and Sisal carpeting, European kitchen cabinetry, Energy Star appliances, granite countertops, and optional kitchen islands gets your inner homebuyer excited, Rezen is a condo to consider. Fit for city living: Residents at Rezen are in a really great downtown spot if they want an active lifestyle.
Bicyclists have access to new and expanding bike-lanes on Richmond Street and Adelaide, joggers are super close to the waterfront promenade, and the Old Town neighbourhood itself has a walk score of Groceries stores, Rabba and Metro, are around the corner, as well as the St. For the gourmet coffee hunters, try Fahrenheit Coffee on Lombard St. After that, take some deep breaths in local green spaces like St.
James Park and David Crombie Park, among others. Getting Around With bicycle lanes on Adelaide and Richmond, the King street car just a block south, and access to the Gardiner Expressway via the Sherbourne St onramp, a host of travel options open the city before you.
Developer Times Group Corporation.