**** Please note: we are NOT the Condominium Corporation's Board of Directors ****
What, In Our Opinion, Our Money Has Been Spent On without Owners who own at least 66 2/3% of Units
voting in favour of approving it, in our opinion
voting in favour of approving it, in our opinion
In our opinion, tearing down good walls and pillars
In our opinion, these alterations to the common elements including, in our opinion, building new, different and additional walls and rooms with altered services and dimensions are substantial and cost more than 10 per cent of the budgeted common expenses for the current fiscal year.
In our opinion, the Condominium Act states:
"...the corporation shall not make a substantial addition, alteration, improvement to the common elements, a substantial change in the assets of the corporation or a substantial change in a service that the corporation provides to the owners unless the owners who own at least 66 2/3 per cent of the units of the corporation vote in favour of approving it."
But in our opinion all of this has been done without those of us owners who own 66 2/3% of the units voting in favour of approving it, in our opinion.
In our opinion, it's our money. And in our opinion, it is our property. In our opinion, we are the owners.
In our opinion, the Condominium Act also says "....substantial ... [means] its estimated cost .... exceeds ....10 per cent of the
annual budgeted common expenses for the current fiscal year...."
Read the Condominium Act at http://www.e-laws.gov.on.ca/html/statutes/english/elaws_statutes_98c19_e.htm especially subsections 97(4) and 97(6) in our opinion quoted here.
What will be done next in our opinion with a "substantial" part of our money without our approval?
"...the corporation shall not make a substantial addition, alteration, improvement to the common elements, a substantial change in the assets of the corporation or a substantial change in a service that the corporation provides to the owners unless the owners who own at least 66 2/3 per cent of the units of the corporation vote in favour of approving it."
But in our opinion all of this has been done without those of us owners who own 66 2/3% of the units voting in favour of approving it, in our opinion.
In our opinion, it's our money. And in our opinion, it is our property. In our opinion, we are the owners.
In our opinion, the Condominium Act also says "....substantial ... [means] its estimated cost .... exceeds ....10 per cent of the
annual budgeted common expenses for the current fiscal year...."
Read the Condominium Act at http://www.e-laws.gov.on.ca/html/statutes/english/elaws_statutes_98c19_e.htm especially subsections 97(4) and 97(6) in our opinion quoted here.
What will be done next in our opinion with a "substantial" part of our money without our approval?
**Disclaimer:We are not providing legal advice.Homewners should obtain their own independent legal advice.In our opinion.**
