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Accounting, Auditing and Tax Guidelines for Ontario Condominium Corporations Prepared by: The Committee on Accounting, Auditing and Tax Guidelines for Ontario Condominium Corporations October 2013.

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Section 134 of the Act also provides that "an owner, an occupier of a proposed unit, a corporation, a declarant, a lessor of a leasehold condominium corporation or a mortgagee of a unit may make an application to the Superior Court of Justice for an order enforcing compliance with any provision of this Act, the ...

An annual audit of your condo association's financial statements is a high level of service that requires additional procedures that are not mandated in reviews or compilations. An audit entails: Testing transactions and balances. Communicating with third-parties. Understanding internal controls.

Auditing standards developed by the AICPA's Auditing Standards Board (ASB) are used to conduct an audit for a privately-held corporation or other entities that are nonpublic companies.

While the court has the authority to order the unit owner to sell, that occurs only in extreme situations when the judge believes the person will repeat the conduct and there are no other options.

Section 73 of the Condo Act provides you as a buyer with a cooling off period of 10 days to consider whether you want to proceed with the purchase. Section 73 allows you to rescind the purchase agreement by notifying the developer of your wish to do so within the 10-day cooling off period.

The Rights You Are Entitled to as a Condo Owner Enjoy your condo space quietly; that is, without creating a nuisance for the others living in the same condominium community. Right to get notified in case any individual from the condo's committee needs to gain acc. ess to your suite for repairs and inspection purposes.

135 of Ontario's Condominium Act, 1998. It is designed to guard against unfair treatment. The section allows the owner of a condominium unit, or a mortgagee, developer, or condominium corporation, to apply directly to the Ontario Superior Court of Justice for relief.

Each condominium corporation across the Province of Ontario is governed by an owner-elected board of directors. The board is responsible for ensuring that the corporation complies with all aspects of the Condominium Act, 1998.

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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232