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An amendment to the description that affects the leasehold interests in the property is

not effective unless the lessor has consented in writing to the amendment. 1998, c. 19, s. 167 (3).

Leasehold estate in property

168. (1)

A leasehold condominium corporation shall, on behalf of the owners, exercise all

rights and perform all obligations of the owners with respect to the leasehold estate in the

property. 1998, c. 19, s. 168 (1).

Same

(2)

The owners shall not exercise the rights or perform the obligations mentioned in

subsection (1). 1998, c. 19, s. 168 (2).

Mediation

(3)

The lessor and the corporation shall be deemed to have agreed that either party may

submit to mediation a disagreement on the interpretation of the provisions of the leasehold

interests in the property that bind the property. 1998, c. 19, s. 168 (3).

Application of s. 132

(4)

If the lessor or the corporation submits a disagreement to mediation, section 132

applies to it. 1998, c. 19, s. 168 (4).

Disclosure statement

169.

In addition to the matters mentioned in subsection 72 (3), a disclosure statement in

the case of a leasehold condominium corporation shall include,

(a) a statement by the declarant whether the provisions of the leasehold interests in the

property are in good standing and have not been breached; and

(b) all other material that the regulations made under this Act require. 1998, c. 19, s. 169.

Status certificate

170.

In addition to the material mentioned in subsection 76 (1), a status certificate in the

case of a leasehold condominium corporation shall include,

(a) a statement by the corporation whether the provisions of the leasehold interests in the

property are in good standing and have not been breached;

(b) a statement by the corporation whether the lessor has applied for a termination order

under section 173; and

(c) all other material that the regulations made under this Act require. 1998, c. 19, s. 170.

Rent for property

171. (1)

The rent for the property that a leasehold condominium corporation is required to

pay to the lessor on behalf of the owners and all other amounts necessary to comply with the

provisions of the leasehold interest affecting the property are a common expense. 1998, c. 19,

s. 171 (1).

Contribution of owners

(2)

The corporation shall collect from each owner, as part of the owner’s contribution to

the common expenses, a portion of the rent and the amounts described in subsection (1) based on

the proportion of contributions to the common expenses for the owner’s unit set out in the

declaration. 1998, c. 19, s. 171 (2).