Condominium Act

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subsection 66 (2) prepared and sections 66 to 71 apply to them. 1998, c. 19, s. 153 (3).
Reserve fund study
Within the prescribed time following the registration of the amendments to the
declaration and description required for creating a phase, the corporation shall conduct a reserve
fund study in accordance with section 94 with respect to the phase. 1998, c. 19, s. 153 (4).
Termination of agreements
Subject to subsection (2), after the registration of the amendments to the
declaration and description required for creating a phase, a corporation may, by resolution of the
board, terminate an agreement for the management of the property contained in the phase that the
declarant entered into on behalf of the corporation before the registration of the amendments.
1998, c. 19, s. 154 (1).
Notice
To terminate an agreement, the board shall give at least 60 days notice in writing of the
date of termination to the person with whom the declarant entered into the agreement. 1998,
c. 19, s. 154 (2).
Other agreements
Subject to subsection (4) and subsection 112 (5), within 12 months following the first
election of the board under section 43 after the registration of the amendments to the declaration
and description required for creating a phase, the corporation may, by resolution of the board,
terminate an agreement described in subsection 112 (2), that the declarant has entered into on
behalf of the corporation before the registration of the amendments and that affects the property
contained in the phase. 1998, c. 19, s. 154 (3).
Notice
To terminate an agreement, the board shall give at least 60 days notice in writing of the
date of termination to the person with whom the declarant entered into the agreement. 1998,
c. 19, s. 154 (4).
Mutual use agreements
If a declarant on behalf of a corporation has entered into an agreement for the mutual
use, provision or maintenance or the cost-sharing of facilities or services before the registration
of the amendments to the declaration and description required for creating a phase, and the
agreement affects the property contained in the phase, any party to the agreement may, within 12
months following the first election of the board under section 43 after the registration of the
amendments, make an application to the Superior Court of Justice for an order under subsection
(6). 1998, c. 19, s. 154 (5); 2000, c. 26, Sched. B, s. 7 (7).
Court order
The court may make an order described in subsection 113 (3) if the requirements of
that subsection are met. 1998, c. 19, s. 154 (6).
PART XII
VACANT LAND CONDOMINIUM CORPORATIONS
Creation
Subject to the regulations made under this Act, a declarant may register a