Inium Laws in Ontario: In Ontario, iniums are governed by the inium Act, 1998. This act, however, does not specifically authorize condo corporations to fine unit owners for bylaw or rule violations.
Boards have ultimate responsibility for how a condo fares, regardless of the involvement of a management company. In most cases boards are the ultimate decision makers, referees of minor issues, administrators, educators, and overall leaders of the community.
The most common methods of enforcement for inium rules in Ontario are for the corporation to give you notice to remedy the issue on a deadline, and then to remedy it themselves and bill you for it if you don't comply.
Enforcing by-laws All members of condo communities must comply with the Condo Act and governing documents. Boards can follow these steps to resolve any issues: Notify residents who are not complying to make them aware of the issue and follow up as required. If necessary, send a letter from legal counsel.
For instance, your condo board cannot evict you and force you to sell your unit (unless the court intervenes because your behaviour severely affects the community). Be sure to keep this in mind if you plan on buying a condo unit in the near future.
Inium corporations in Ontario are legally obligated to file returns and notices of change with the CAO.
A condo corporation represents the collective interests of all condo owners, and it is responsible for enforcing by-laws and rules, managing the units and maintaining common elements of a building.
Types of inium Ownership Structures: Freehold iniums: Freehold iniums are the most common type of inium ownership structure. Leasehold iniums: Leasehold iniums are less common than freehold iniums. Common Elements iniums. Vacant Land iniums:
The inium corporation, its function, and composition A inium corporation is the body formed to manage the common areas and assets of the inium.
To have a pleasant condo living experience, keep in mind these legal rights for condo owners. The Right to Access Condo Documents. The Right to Equality and Non-Discrimination. The Right to Notice and Meetings. The Right to Run and Vote During Elections. The Right to Protest.