Condominium Act

(7)

The

Residential Tenancies Act, 2006

does not apply to the leasehold interest of an

owner of a unit in a leasehold condominium corporation and its appurtenant common interest but

does apply to a lease of an owner’s leasehold interest in a unit. 1998, c. 19, s. 165 (8); 2006,

c. 17, s. 248 (5).

(8)

Spent: 1998, c. 19, s. 165 (8).

Declaration

166. (1)

A declaration for a leasehold condominium corporation shall not be registered

unless it is executed by the lessor. 1998, c. 19, s. 166 (1).

Contents

(2)

In addition to the requirements of subsection 7 (2), a declaration for a leasehold

condominium corporation shall contain,

(a) a statement of the term of the leasehold interests of the owners;

(b) a schedule setting out the amount of rent for the property payable by the corporation

on behalf of the owners to the lessor and the times at which the rent is payable for at

least the first five years immediately following the registration of the declaration and

description;

on behalf of the owners to the lessor and the times at which the rent is payable during

the remainder of the term of the owners’ leasehold interests following the time for

which the schedule described in clause (b) states the amount of rent payable;

(d) a schedule of all provisions of the leasehold interests that affect the property, the

corporation and the owners; and

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

s. 166 (2).

Leasehold interests in property

(3)

Provisions of the leasehold interests in the property are not binding on the property, the

corporation or the owners unless the declaration sets them out and states that they are binding.

1998, c. 19, s. 166 (3).

Amendment of declaration

(4)

An amendment to the declaration 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. 166 (4).

Description

167. (1)

In addition to the requirements of section 8, a description for a leasehold

condominium corporation shall contain all other material that the regulations made under this

Act require. 1998, c. 19, s. 167 (1).

Registration

(2)

In addition to the requirements of section 8 and subject to the regulations made under

this Act, a description for a leasehold condominium corporation shall not be registered unless the

buildings and improvements to the property form part of the property. 1998, c. 19, s. 167 (2).

Amendment to description