Payment to lessor(3)
The corporation shall remit to the lessor, from the contributions collected from the
owners under subsection (2), the amounts to which the lessor is entitled under the provisions of
the leasehold interest affecting the property. 1998, c. 19, s. 171 (3).
Consent of lessor for termination172.
A leasehold condominium corporation shall not register a notice of termination under
section 122 or 123 or sell the property or a part of the common elements under section 124 unless
the lessor has consented to and executed the notice or the agreement of purchase and sale, as the
case may be. 1998, c. 19, s. 172.
Termination by lessor173. (1)
The lessor shall not terminate a leasehold interest in a unit in a leasehold
condominium corporation unless the lessor has been granted an order terminating the leasehold
interests in all of the units. 1998, c. 19, s. 173 (1).
The lessor may make an application to the Superior Court of Justice for an order
terminating all of the leasehold interests, if a leasehold condominium corporation,
(a) has failed to remit to the lessor the amounts to which the lessor is entitled under the
provisions of the leasehold interest affecting the property; or
(b) has failed to comply with a court order. 1998, c. 19, s. 173 (2); 2000, c. 26, Sched. B,
s. 7 (7).
Grounds for order(3)
On an application, the court may make an order if it is satisfied that the order is just
and equitable, having regard to the scheme and intent of this Act and the interests of all persons
that would be affected by the order. 1998, c. 19, s. 173 (3).
Contents of order(4)
The order may provide that all of the leasehold interests are terminated subject to the
conditions set out in the order or may contain any other provision that the court considers
appropriate in the circumstances. 1998, c. 19, s. 173 (4).
Registration of order(5)
If the court makes an order terminating all of the leasehold interests, the lessor shall
register the order. 1998, c. 19, s. 173 (5).
Expiration of leasehold interests174. (1)
At least five years before the end of the term of the leasehold interests in the units
in a leasehold condominium corporation, the lessor shall give the corporation,
(a) a written notice of intention to renew all the leasehold interests that sets out the
provisions applicable to the renewal; or
(b) a written notice of intention not to renew all the leasehold interests. 1998, c. 19,
s. 174 (1).
Term of renewal(2)
A renewal of the leasehold interests shall be for at least 10 years or the greater term
specified in the notice. 1998, c. 19, s. 174 (2).