release, dispose of or otherwise deal with the title to any real property that the corporation does
not own or any interest in real property where the corporation does not own the interest, unless
this Act specifically confers the power on the corporation. 2000, c. 26, Sched. B, s. 7 (1).
The corporation may own, acquire, encumber and dispose of real and personal
property only for purposes that are consistent with the objects and duties of the corporation.
1998, c. 19, s. 18 (1).
Interests in real property(1.1)
The assets of the corporation do not include any real property that the corporation
does not own or any interest in real property where the corporation does not own the interest.
2000, c. 26, Sched. B, s. 7 (2).
Interest in assets(2)
The owners share the assets of the corporation in the same proportions as the
proportions of their common interests in accordance with this Act, the declaration and the by-
laws. 1998, c. 19, s. 18 (2).
Validity of easement(3)
A grant or transfer of an easement to the corporation is valid even though the
corporation does not own land capable of being benefited by the easement. 1998, c. 19, s. 18 (3).
Right of entry19.
On giving reasonable notice, the corporation or a person authorized by the corporation
may enter a unit or a part of the common elements of which an owner has exclusive use at any
reasonable time to perform the objects and duties of the corporation or to exercise the powers of
the corporation. 1998, c. 19, s. 19.
Easements described in declaration or phase20. (1)
An easement described in subsection (2) is created,
(a) upon the registration of a declaration and description that creates a corporation, if the
easement is described in the declaration and description; or
(b) upon the registration of an amendment to a declaration and description that creates a
phase within the meaning of Part XI in a phased condominium corporation, if the
easement is described in the amendment. 1998, c. 19, s. 20 (1).
Subsection (1) applies to an easement that,
(a) imposes a benefit or a burden on land owned by the declarant other than the property;
(b) the approval authority requires as a condition of approving the declaration and
description for the corporation. 1998, c. 19, s. 20 (2).
Creation of easement(3)
No deed or other document is required to be registered or delivered to the owner of the
land benefited by an easement that is created under subsection (1) in order for the easement to be
made effective. 1998, c. 19, s. 20 (3).