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declaration and description that create a corporation in which, at the time of the registration,

(a) one or more units are not part of a building or structure and do not include any part of a

building or structure; and

(b) none of the units are located above or below any other unit. 1998, c. 19, s. 155 (1).

Type of corporation

(2)

The type of corporation created by the registration of declaration and description under

subsection (1) shall be known as a vacant land condominium corporation. 1998, c. 19, s. 155 (2).

Requirements for registration

(3)

A declaration and description for a vacant land condominium corporation shall not be

registered unless the registration would create a freehold condominium corporation that is not a

common elements condominium corporation or, except as provided in the regulations made

under this Act, a phased condominium corporation. 1998, c. 19, s. 155 (3).

Application

(4)

Subject to this Part, Parts I to IX and XIV apply with necessary modifications to a

vacant land condominium corporation. 1998, c. 19, s. 155 (4).

Other corporations

(5)

This Part does not apply to a corporation that is not a vacant land condominium

corporation. 1998, c. 19, s. 155 (5).

Contents of declaration

156. (1)

If a unit in a vacant land condominium corporation is to include a building or

structure constructed after the registration of the declaration and description, the declaration may

contain restrictions with respect to,

(a) the size, location, construction standards, quality of materials and appearance of the

building or structure;

(b) architectural standards and construction design standards of the building or structure;

(c) the time of commencement and completion of construction of the building or structure;

and

(d) the minimum maintenance requirements for the building or structure. 1998, c. 19,

s. 156 (1).

Permitted restrictions

(2)

A restriction contained in the declaration shall be consistent with the conditions

imposed by the approval authority in approving or exempting the description under section 9.

1998, c. 19, s. 156 (2).

Contents of description

157. (1)

A description of a vacant land condominium corporation shall contain,

(a) a plan of survey showing the perimeter of the horizontal surface of the land, the

perimeter of the buildings and structures on the common elements and the boundaries

of each unit;

(b) subject to section 158, architectural plans of the buildings and structures included in