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release, dispose of or otherwise deal with the title to any real property that the corporation does

not own or any interest in real property where the corporation does not own the interest, unless

this Act specifically confers the power on the corporation. 2000, c. 26, Sched. B, s. 7 (1).

Assets

18. (1)

The corporation may own, acquire, encumber and dispose of real and personal

property only for purposes that are consistent with the objects and duties of the corporation.

1998, c. 19, s. 18 (1).

Interests in real property

(1.1)

The assets of the corporation do not include any real property that the corporation

does not own or any interest in real property where the corporation does not own the interest.

2000, c. 26, Sched. B, s. 7 (2).

Interest in assets

(2)

The owners share the assets of the corporation in the same proportions as the

proportions of their common interests in accordance with this Act, the declaration and the by-

laws. 1998, c. 19, s. 18 (2).

Validity of easement

(3)

A grant or transfer of an easement to the corporation is valid even though the

corporation does not own land capable of being benefited by the easement. 1998, c. 19, s. 18 (3).

Right of entry

19.

On giving reasonable notice, the corporation or a person authorized by the corporation

may enter a unit or a part of the common elements of which an owner has exclusive use at any

reasonable time to perform the objects and duties of the corporation or to exercise the powers of

the corporation. 1998, c. 19, s. 19.

Easements described in declaration or phase

20. (1)

An easement described in subsection (2) is created,

(a) upon the registration of a declaration and description that creates a corporation, if the

easement is described in the declaration and description; or

(b) upon the registration of an amendment to a declaration and description that creates a

phase within the meaning of Part XI in a phased condominium corporation, if the

easement is described in the amendment. 1998, c. 19, s. 20 (1).

Application

(2)

Subsection (1) applies to an easement that,

(a) imposes a benefit or a burden on land owned by the declarant other than the property;

or

(b) the approval authority requires as a condition of approving the declaration and

description for the corporation. 1998, c. 19, s. 20 (2).

Creation of easement

(3)

No deed or other document is required to be registered or delivered to the owner of the

land benefited by an easement that is created under subsection (1) in order for the easement to be

made effective. 1998, c. 19, s. 20 (3).