Examples of Condo Act in a sentence
This means that any materials to be presented at an owners’ meeting can be presented through electronic means, and any forms required under the Condo Act can be modified to reflect these temporary changes.
As only the requirement for a telephonic or electronic voting by-law has been suspended under the temporary amendments, and given that section 52 (1) (b) (iii) of the Condo Act permits telephonic and electronic voting, the method to establish quorum can be determined by whether the unit owner connected to the meeting telephonically or electronically, or whether they submitted an advance electronic vote.
Although the temporary amendments to the Condo Act allow for telephonic and electronic meetings and voting regardless of any by-laws your condo corporation may have, you must still follow other provisions in your condo corporation’s by-laws.
The temporary amendments to the Condo Act allow for an owner who votes by telephonic or electronic means to be deemed as present either in-person or by proxy, and therefore can be counted towards quorum under section 50 (1) of the Condo Act.
For example, section 45 (3) of the Condo Act requires that during an AGM, owners may raise for discussion any matter relevant to the affairs and business of the corporation.
As the temporarily amended Condo Act allows for meetings and voting by telephonic or electronic means without a by-law which specifically allows this, the administration of proxy forms presents a practical issue.
The Condo Act requires that all condo corporations have a reserve fund.
In addition, Manager understands, and has advised Fund's Board of Trustees, that the persons employed by Sub-Adviser to assist in Sub-Adviser's duties under this Agreement will not devote their full such service and nothing contained in this Agreement will be deemed to limit or restrict the right of Sub-Adviser or any of its affiliates to engage in and devote time and attention to other businesses or to render services of whatever kind or nature.
By- laws must be approved by the owners of a majority of the units, except where the Condo Act provides otherwise, and registered with the Land Registry Office.3. Rules regulate the use of the units or common elements or assets in a condo corporation.
Additionally, section 119 (2) of the Condo Act provides that owners are obliged to take all reasonable steps to ensure occupants and visitors of their unit also comply with the Condo Act, the declaration, the by-laws, and the rules.Mediation, Arbitration, and Compliance OrdersUnder section 132 of the Condo Act, certain disputes must be resolved through mediation or arbitration.