If an agreement of purchase and sale provides that a purchaser is entitled to a return of
money paid under the agreement upon termination of the agreement and the agreement is
terminated, the declarant shall pay interest at the prescribed rate to the purchaser on the money
returned. 1998, c. 19, s. 82 (7).
The declarant is entitled to the excess of all interest earned on money held in trust over
the interest it is required to pay under this section. 1998, c. 19, s. 82 (8).
Notification by owner83. (1)
The owner of a unit who leases the unit or renews a lease of the unit shall, within
30 days of entering into the lease or the renewal, as the case may be,
(a) notify the corporation that the unit is leased;
(b) provide the corporation with the lessee’s name, the owner’s address and a copy of the
lease or renewal or a summary of it in the form prescribed by the Minister; and
(c) provide the lessee with a copy of the declaration, by-laws and rules of the corporation.
1998, c. 19, s. 83 (1).
Termination of lease(2)
If a lease of a unit is terminated and not renewed, the owner of the unit shall notify the
corporation in writing. 1998, c. 19, s. 83 (2).
Record of notices(3)
A corporation shall maintain a record of the notices that it receives under this section.
1998, c. 19, s. 83 (3).
Contribution of owners84. (1)
Subject to the other provisions of this Act, the owners shall contribute to the
common expenses in the proportions specified in the declaration. 1998, c. 19, s. 84 (1).
A common surplus in a corporation shall be applied either against future common
expenses or paid into the reserve fund, and except on termination, shall not be distributed to the
owners or mortgagees of the units. 1998, c. 19, s. 84 (2).
An owner is not exempt from the obligation to contribute to the common expenses
(a) the owner has waived or abandoned the right to use the common elements or part of
(b) the owner is making a claim against the corporation; or