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  • Form 5 Condominium Act, 1998 Summary Of Lease Or Renewal ...

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Form 5 Condominium Act, 1998 SUMMARY OF LEASE OR RENEWAL (clause 83 (1) (b) of the Condominium Act, 1998) THE OWNER/LANDLORD IS REQUIRED BY LAW TO PROVIDE THE CONDOMINIUM CORPORATION WITH TENANT INFORMATION.

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Changes made to the Ontario Condominium Act lower the quorum requirements for certain mandatory meetings, create new regulations for how condominium corporations can hold votes, require a mandatory form for proxies, and provide greater flexibility for board meetings.

Section 58 (5) of the Condo Act says owners can requisition a meeting to repeal a rule.

In particular, some might point to section 55 of the Act, which both entitles a unit owner, purchaser or mortgagee (or agent) to make a request to examine records of the corporation and sets out restrictions on what records may be requested.

Changes made to the Ontario Condominium Act lower the quorum requirements for certain mandatory meetings, create new regulations for how condominium corporations can hold votes, require a mandatory form for proxies, and provide greater flexibility for board meetings.

A substantial change is: a change where the total estimated cost is greater than 10% of the annual budgeted common expenses for the current fiscal year; or • a change that the Board elects to treat as substantial (this is less common).

Management and directors are expected to adhere to whatever bylaws are in place for your condo corporation. There is no flexibility in choosing to ignore bylaws or to reinterpret them. Changing bylaws requires a quorum of directors AND support from over 50% of unit owners.

A Section 98 Agreement, also known as an “indemnity agreement” or an “alteration agreement”, is required in all situations where a unit owner proposes to make an addition, alteration or improvement (collectively, the “Improvement”) to the common elements of a condominium.

Section 83(1) of the Act requires landlords to notify the condo corporation of the rental and provide a copy of the lease within 10 days of signing.

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© Copyright 1997-2025
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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
DMCA Policy
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:
1-877-389-0141
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