Condominium Act

(3)

An owner who submits a dispute to mediation shall give the corporation notice of

intention within 10 days after the vote authorizing the sale. 1998, c. 19, s. 125 (3).

Entitlement to amount

(4)

An owner who serves a notice of intention is entitled to receive from the proceeds of

the sale the amount the owner would have received if the sale price had been the fair market

value as determined by the arbitration. 1998, c. 19, s. 125 (4).

Deficiency

(5)

The corporation shall pay to each of the owners who served a notice of intention, the

deficiency in the amount to which the owner is entitled if the proceeds of the sale are inadequate

to pay the amount. 1998, c. 19, s. 125 (5).

Liability

(6)

The owners other than those who dissented on the vote authorizing the sale are liable

for the amount of the deficiency payments determined by the proportions of their common

interests. 1998, c. 19, s. 125 (6).

Common expenses of other owners

(7)

The corporation shall add the amount of the liability of each of the owners who voted

in favour of the sale to the common expenses appurtenant to the units of those owners and may

specify a time for payment by each of those owners. 1998, c. 19, s. 125 (7).

Expropriation

126. (1)

Upon expropriation of the property or a part of the common elements under the

Expropriations Act

, this Act ceases to govern the property or the part of the common elements, as

the case may be. 1998, c. 19, s. 126 (1).

Proceeds

(2)

Subject to subsection (3), if part of the common elements is expropriated under the

Expropriations Act

, the owners shall share the proceeds in the same proportions as their common

interests. 1998, c. 19, s. 126 (2).

Same

(3)

The portion of the proceeds received on expropriation under the

Expropriations Act

that is attributable to a portion of the common elements that is for the use of the owners of

certain designated units, and not all the owners, shall be divided among the owners of the

designated units in the proportions in which their interests are affected. 1998, c. 19, s. 126 (3).

Effect of registration

127. (1)

Upon registration of a notice of termination under section 122 or 123,

(a) this Act ceases to govern the property;

(b) the owners are tenants in common of the land and interests appurtenant to the land

described in the description in the same proportions as their common interests;

description, that were created before the registration of the declaration and description

that made this Act applicable to the land, are as effective as if the declaration and

description had not been registered;

(d) encumbrances against each unit and common interest, that were created after the