

Assessment
15. (1)Each unit, together with its appurtenant common interest, constitutes a parcel for
the purpose of municipal assessment and taxation. 1998, c. 19, s. 15 (1).
Common elements
(2)Subject to subsection (3), the common elements of a corporation that is not a common
elements condominium corporation do not constitute a parcel for the purpose of municipal
assessment and taxation. 1998, c. 19, s. 15 (2).
Exception
(3)A part of the common elements of a corporation that is not a common elements
condominium corporation constitutes a separate parcel for the purpose of municipal assessment
and taxation if it is leased for business purposes under section 21, the lessee carries on an
undertaking for gain on it and it is in the commercial property class prescribed under the
Assessment Act
. 1998, c. 19, s. 15 (3).
Common elements condominium corporation
(4)The common elements of a common elements condominium corporation constitute a
parcel for the purpose of municipal assessment and taxation within each municipality in which
the common elements or a part of them are located and the municipal taxes levied on the parcel
or parcels shall form part of the common expenses of the corporation. 1998, c. 19, s. 15 (4).
PART IV
CORPORATION
G
ENERAL
Seal
16. (1)The corporation shall have a seal that the board shall adopt and may change. 1998,
c. 19, s. 16 (1).
Name
(2)The name of the corporation shall appear in legible characters on the seal. 1998, c. 19,
s. 16 (2).
Objects
17. (1)The objects of the corporation are to manage the property and the assets, if any, of
the corporation on behalf of the owners. 1998, c. 19, s. 17 (1).
Duties
(2)The corporation has a duty to control, manage and administer the common elements
and the assets of the corporation. 1998, c. 19, s. 17 (2).
Ensuring compliance
(3)The corporation has a duty to take all reasonable steps to ensure that the owners, the
occupiers of units, the lessees of the common elements and the agents and employees of the
corporation comply with this Act, the declaration, the by-laws and the rules. 1998, c. 19,
s. 17 (3).
Dealing with title to real property
17.1Nothing in this Act confers on the corporation the power to grant, transfer, lease,