Condo corporations can now conduct virtual or hybrid meetings and votes without the need to pass a specific bylaw. This change, which came into effect in 2023, makes it easier for condos to hold meetings electronically, building on the practices many condos adopted during the COVID-19 pandemic.
Inium Rules means the Rules for the use of the Premises that are adopted from time to time by the Board of Directors. inium Rules . Your unit is confirmed with the understanding that you will adhere to the rules and regulations set by individual inium or homeowner associations.
A inium corporation may terminate under section 122 of the Condo Act if: At least 80 per cent of unit owners vote in favour of its termination; and. At least 80 per cent of those who have registered claims against the property consent to the termination in writing.
Section 117 of the inium Act, 1998 (the “Act”) prohibits “dangerous activities” which in the past have been limited to the most egregious conduct.
Section 117 of the inium Act, 1998 (the “Act”) prohibits “dangerous activities” which in the past have been limited to the most egregious conduct.
A condo typically takes up to 3 to 4 years from launch to TOP (Temporary Occupation Permit)
A inium is technically formed once construction is fully completed and passes the approval process, enabling it to be registered with the Land Registry Office.
A inium Information Statement (CIS) is the packet of documents provided to buyers purchasing a condo unit that is newly constructed or recently converted from a different use.
The inium Authority Tribunal uses an online dispute resolution system to help Ontarians resolve their condo-related disputes quickly, conveniently and affordably. The CAT system encourages everyone to work together in healthy inium communities.
The inium's declaration and description are ultimately registered in the Land Registry Office, following their approval by the requisite governmental authorities. The entire process can take approximately two to five months following first occupancies in the community.